Short Interest in Euronav NV (NYSE:CMBT) Decreases By 8.3%

Euronav NV (NYSE:CMBT - Get Free Report) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 299,200 shares, a drop of 8.3% from the December 31st total of 326,400 shares. Based on an average daily volume of 107,700 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.2% of the company's stock are sold short.

Institutional Trading of Euronav

An institutional investor recently bought a new position in Euronav stock. Blue Trust Inc. bought a new stake in shares of Euronav NV (NYSE:CMBT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 36,552 shares of the company's stock, valued at approximately $363,000.

Euronav Stock Down 4.5 %

Shares of NYSE CMBT traded down $0.51 during trading on Wednesday, reaching $10.84. 71,389 shares of the stock were exchanged, compared to its average volume of 81,611. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 1.83 and a beta of -0.12. The business's 50-day moving average price is $10.50 and its 200 day moving average price is $13.80. The company has a quick ratio of 1.22, a current ratio of 1.29 and a debt-to-equity ratio of 1.91. Euronav has a twelve month low of $8.59 and a twelve month high of $21.26.

Euronav (NYSE:CMBT - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates of $0.19. The firm had revenue of $221.84 million for the quarter, compared to the consensus estimate of $207.44 million. Euronav had a net margin of 117.02% and a return on equity of 22.29%. During the same period in the prior year, the firm posted $0.46 EPS.

Euronav 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.