Euronav NV (NYSE:CMBT) Short Interest Update

Euronav NV (NYSE:CMBT) was the recipient of a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 272,000 shares, a decline of 35.8% from the July 31st total of 423,800 shares. Based on an average daily volume of 212,300 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.8% of the shares of the company are sold short.

Euronav Stock Performance

CMBT stock traded up $0.12 during mid-day trading on Thursday, reaching $16.25. The company had a trading volume of 71,197 shares, compared to its average volume of 751,210. 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 stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 7.19 and a beta of -0.06. Euronav has a one year low of $14.10 and a one year high of $21.26.

Euronav Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, July 10th were paid a $0.189 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date 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.