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 stock are short sold. Based on an average trading volume of 159,400 shares, the days-to-cover ratio is presently 1.4 days.

Euronav Stock Performance

Shares of Euronav stock traded up $0.20 during mid-day trading on Tuesday, hitting $16.82. 138,176 shares of the stock were exchanged, compared to its average volume of 674,189. The firm’s 50-day moving average is $16.40. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 1.54. Euronav has a 12 month low of $14.10 and a 12 month high of $21.26. The stock has a market capitalization of $3.39 billion, a P/E ratio of 7.45 and a beta of -0.08.

Euronav (NYSE:CMBT) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.22. Euronav had a net margin of 112.38% and a return on equity of 22.35%. The business had revenue of $233.66 million during the quarter. Analysts predict that Euronav will post 1.46 EPS for the current year.

Euronav Announces Dividend

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

About Euronav

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.