Euronav NV (NYSE:CMBT) Short Interest Update

Euronav NV (NYSE:CMBT) was the target of a significant 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 short-interest ratio is presently 2.0 days.

Euronav Stock Performance

Euronav stock traded down $0.14 during trading hours on Thursday, reaching $13.91. 65,060 shares of the stock were exchanged, compared to its average volume of 611,430. Euronav has a 52-week low of $13.87 and a 52-week high of $21.26. The stock has a market capitalization of $2.81 billion, a PE ratio of 2.31 and a beta of -0.08. 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 company’s 50 day moving average price is $16.03.

Euronav (NYSE:CMBT) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.46 EPS 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 firm had revenue of $233.66 million during the quarter. Equities research analysts expect that Euronav will post 1.46 EPS 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.