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

Euronav NV (NYSE:CMBT) was the recipient of a large increase in short interest during 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 stock are short sold. Based on an average daily volume of 125,200 shares, the days-to-cover ratio is presently 2.0 days.

Euronav Price Performance

Shares of CMBT stock traded down $0.14 on Thursday, reaching $13.91. 65,192 shares of the stock were exchanged, compared to its average volume of 611,430. The company has a market capitalization of $2.81 billion, a PE ratio of 2.34 and a beta of -0.08. Euronav has a one year low of $13.87 and a one year high of $21.26. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 1.54. The firm’s 50 day moving average price is $16.03.

Euronav (NYSE:CMBT) last released its earnings results on Thursday, August 8th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.22. Euronav had a return on equity of 22.35% and a net margin of 112.38%. The company had revenue of $233.66 million during the quarter. On average, research analysts expect 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.