Short Interest in CMB.TECH nv (NYSE:CMBT) Decreases By 25.3%

CMB.TECH nv (NYSE:CMBT) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 1,846,772 shares, a decline of 25.3% from the February 12th total of 2,473,222 shares. Based on an average daily volume of 2,436,585 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 2,436,585 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CMBT. Mcguire Capital Advisors Inc. purchased a new position in CMB.TECH in the 4th quarter worth about $26,000. Raymond James Financial Inc. purchased a new stake in CMB.TECH in the 2nd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in CMB.TECH in the 4th quarter valued at about $29,000. Public Employees Retirement System of Ohio bought a new position in CMB.TECH in the 3rd quarter worth about $45,000. Finally, Sunbelt Securities Inc. bought a new position in CMB.TECH in the 3rd quarter worth about $56,000.

Analyst Ratings Changes

A number of analysts recently issued reports on CMBT shares. Weiss Ratings upgraded CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 14th. Pareto Securities upgraded shares of CMB.TECH to a “strong-buy” rating in a research report on Friday, November 28th. Finally, Wall Street Zen raised shares of CMB.TECH from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, CMB.TECH has a consensus rating of “Buy”.

CMB.TECH Trading Down 2.2%

Shares of NYSE CMBT traded down $0.27 during midday trading on Friday, hitting $11.92. The company’s stock had a trading volume of 1,424,812 shares, compared to its average volume of 2,136,950. The company has a current ratio of 0.86, a quick ratio of 0.79 and a debt-to-equity ratio of 1.80. The business’s 50 day moving average is $12.58 and its two-hundred day moving average is $10.65. CMB.TECH has a 12-month low of $7.65 and a 12-month high of $14.93.

CMB.TECH (NYSE:CMBT) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). CMB.TECH had a return on equity of 6.25% and a net margin of 9.70%.The business had revenue of $639.98 million for the quarter, compared to the consensus estimate of $449.43 million.

CMB.TECH Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 15th will be given a dividend of $0.16 per share. The ex-dividend date is Wednesday, April 15th. CMB.TECH’s dividend payout ratio (DPR) is 10.77%.

About CMB.TECH

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. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.