Euronav NV (NYSE:CMBT) Sees Significant Growth in Short Interest

Euronav NV (NYSE:CMBT) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 230,300 shares, an increase of 8.5% from the August 31st total of 212,200 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average trading volume of 159,400 shares, the days-to-cover ratio is currently 1.4 days.

Euronav Price Performance

Euronav stock traded up $0.20 during midday trading on Tuesday, reaching $16.82. The stock had a trading volume of 138,176 shares, compared to its average volume of 674,189. Euronav has a twelve month low of $14.10 and a twelve month high of $21.26. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.32 and a current ratio of 1.37. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 7.45 and a beta of -0.08. The firm has a fifty day moving average of $16.40.

Euronav (NYSE:CMBT) last issued its earnings results on Thursday, August 8th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.24 by $0.22. The business had revenue of $233.66 million during the quarter. Euronav had a return on equity of 22.35% and a net margin of 112.38%. As a group, sell-side analysts predict that Euronav will post 1.46 EPS for the current fiscal year.

Euronav Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, July 10th were paid a dividend of $0.189 per share. The ex-dividend date was Tuesday, July 9th. This represents a $0.76 annualized dividend and a yield of 4.49%.

Euronav Company Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.