Euronav NV (NYSE:CMBT) Sees Large Increase in Short Interest

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

Euronav Trading Down 0.4 %

Shares of Euronav stock traded down $0.07 on Friday, hitting $16.97. 126,635 shares of the company were exchanged, compared to its average volume of 785,554. Euronav has a 1-year low of $14.10 and a 1-year high of $21.26. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.46 and a quick ratio of 1.41. The stock has a market cap of $3.42 billion, a P/E ratio of 7.19 and a beta of -0.06.

Euronav Announces Dividend

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

About Euronav

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.