CMB.TECH nv (NYSE:CMBT) Short Interest Update

CMB.TECH nv (NYSE:CMBT) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 890,759 shares, a drop of 27.7% from the March 31st total of 1,231,444 shares. Based on an average daily trading volume, of 1,567,269 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CMBT shares. Berenberg Bank raised CMB.TECH to a “strong-buy” rating in a report on Wednesday, April 22nd. Wall Street Zen raised CMB.TECH from a “sell” rating to a “hold” rating in a report on Sunday, April 12th. Finally, Weiss Ratings raised CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

CMB.TECH Stock Performance

NYSE:CMBT traded down $0.04 during mid-day trading on Friday, reaching $13.74. The stock had a trading volume of 650,149 shares, compared to its average volume of 1,401,820. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.79 and a current ratio of 0.86. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 21.18 and a beta of 0.06. CMB.TECH has a twelve month low of $7.78 and a twelve month high of $14.93. The business has a 50 day simple moving average of $13.11 and a 200 day simple moving average of $11.48.

CMB.TECH (NYSE:CMBT) last announced its quarterly earnings data on Friday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). The firm had revenue of $589.12 million during the quarter, compared to analyst estimates of $449.43 million. CMB.TECH had a net margin of 9.70% and a return on equity of 6.25%.

CMB.TECH Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 15th were given a $0.16 dividend. The ex-dividend date was Wednesday, April 15th. CMB.TECH’s dividend payout ratio (DPR) is presently 27.69%.

Institutional Investors Weigh In On CMB.TECH

A number of hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC lifted its position in shares of CMB.TECH by 3.0% during the 4th quarter. Headlands Technologies LLC now owns 67,058 shares of the company’s stock valued at $647,000 after acquiring an additional 1,957 shares during the period. Mariner LLC lifted its position in shares of CMB.TECH by 4.0% during the 4th quarter. Mariner LLC now owns 63,372 shares of the company’s stock valued at $612,000 after acquiring an additional 2,439 shares during the period. Mcguire Capital Advisors Inc. acquired a new stake in shares of CMB.TECH during the 4th quarter valued at approximately $26,000. Raymond James Financial Inc. acquired a new stake in shares of CMB.TECH during the 2nd quarter valued at approximately $27,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of CMB.TECH during the 4th quarter valued at approximately $29,000.

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