Euronav (CMBT) Short Interest Ratio & Short Volume

Short interest is the volume of Euronav shares that have been sold short but have not yet been closed out or covered. As of November 30th, investors have sold 245,700 shares of CMBT short. 1.80% of Euronav's shares are currently sold short. Learn More on Euronav's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. CMBT shares currently have a short interest ratio of 2.0. Learn More on Euronav's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 1.80% of Euronav's floating shares are currently sold short.

Euronav saw a decrease in short interest in November. As of November 30th, there was short interest totaling 245,700 shares, a decrease of 24.5% from the previous total of 325,600 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Euronav currently has issued a total of 201,680,000 shares. Some of Euronav's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Euronav currently has a public float of 13,670,000 shares.

1.80% of Euronav's shares are currently sold short. Here is how the short interest of companies in the industry of "transportation" compare to Euronav: HF Sinclair Co. (3.89%), GXO Logistics, Inc. (2.01%), Schneider National, Inc. (9.44%), Carnival Co. & plc (2.31%), RXO, Inc. (2.19%), Global Business Travel Group, Inc. (3.89%), Verra Mobility Co. (1.01%), Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (0.38%), Hafnia Limited (1.70%), ArcBest Co. (6.97%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.70 billion), Charter Communications, Inc. ($4.55 billion), Spotify Technology S.A. ($3.84 billion), Royal Caribbean Cruises Ltd. ($3.07 billion), International Paper ($3.00 billion), Coinbase Global, Inc. ($2.93 billion), Cencora, Inc. ($2.54 billion), Paychex, Inc. ($2.53 billion), SoFi Technologies, Inc. ($2.24 billion), and Reddit, Inc. ($2.00 billion). View all of the most shorted stocks.

Short selling CMBT is an investing strategy that aims to generate trading profit from Euronav as its price is falling. CMBT shares are trading up $0.69 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Euronav occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of CMBT, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including CMBT, twice per month. The most recent reporting period available is November, 30 2024.