Short Interest in Euronav NV (NYSE:CMBT) Rises By 63.2%

Euronav NV (NYSE:CMBT) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 423,800 shares, an increase of 63.2% from the July 15th total of 259,700 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average trading volume of 271,800 shares, the days-to-cover ratio is currently 1.6 days.

Euronav Trading Up 0.3 %

NYSE:CMBT traded up $0.05 on Wednesday, hitting $16.97. The stock had a trading volume of 58,627 shares, compared to its average volume of 793,994. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.41 and a current ratio of 1.46. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 7.19 and a beta of -0.06. Euronav has a 1 year low of $14.10 and a 1 year high of $21.26.

Euronav Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, July 10th were issued a $0.189 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date of this dividend was Tuesday, July 9th.

Euronav Company Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company also offers floating, storage, and offloading (FSO) services. As of April 1, 2022, it owned and operated a fleet of 72 vessels, including 6 chartered-in vessels with an aggregate carrying capacity of approximately 18.5 million deadweight tons consisting of 41 very large crude carriers, 2 V-plus, 27 Suezmax vessels, and 2 FSO vessels.