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

Euronav NV (NYSE:CMBT) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 256,600 shares, an increase of 13.1% from the September 30th total of 226,800 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily volume of 125,200 shares, the days-to-cover ratio is presently 2.0 days.

Euronav Stock Down 1.0 %

Shares of CMBT stock traded down $0.14 on Thursday, reaching $13.91. The stock had a trading volume of 65,192 shares, compared to its average volume of 611,430. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 2.34 and a beta of -0.08. 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 $13.87 and a 12 month high of $21.26. The stock’s 50-day moving average price is $16.03.

Euronav (NYSE:CMBT) last announced 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 company had revenue of $233.66 million for the quarter. Euronav had a net margin of 112.38% and a return on equity of 22.35%. On average, sell-side analysts forecast that Euronav will post 1.46 earnings per share for the current fiscal year.

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.