CMB.TECH nv (NYSE:CMBT) Short Interest Update

CMB.TECH nv (NYSE:CMBT) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,440,682 shares, a decline of 22.0% from the February 26th total of 1,846,772 shares. Based on an average trading volume of 2,040,827 shares, the short-interest ratio is presently 0.7 days.

Analysts Set New Price Targets

A number of brokerages recently commented on CMBT. Wall Street Zen upgraded CMB.TECH from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings upgraded shares of CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

CMB.TECH Price Performance

CMBT traded down $0.21 during midday trading on Monday, reaching $12.42. 1,117,540 shares of the company’s stock were exchanged, compared to its average volume of 2,165,593. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 19.11 and a beta of -0.12. The company has a quick ratio of 0.79, a current ratio of 0.86 and a debt-to-equity ratio of 1.80. CMB.TECH has a one year low of $7.65 and a one year high of $14.93. The business has a 50-day simple moving average of $12.89 and a two-hundred day simple moving average of $10.92.

CMB.TECH (NYSE:CMBT) last released its quarterly earnings data on Friday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.03). The company had revenue of $589.12 million during the quarter, compared to the consensus estimate of $449.43 million. CMB.TECH had a net margin of 9.70% and a return on equity of 6.25%.

CMB.TECH Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, April 15th. CMB.TECH’s dividend payout ratio (DPR) is presently 10.77%.

Institutional Investors Weigh In On CMB.TECH

Several large investors have recently made changes to their positions in CMBT. Mcguire Capital Advisors Inc. bought a new position in CMB.TECH during the 4th quarter valued at about $26,000. Raymond James Financial Inc. bought a new stake in CMB.TECH during the second quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new stake in CMB.TECH during the fourth quarter worth about $29,000. Public Employees Retirement System of Ohio acquired a new stake in shares of CMB.TECH during the third quarter worth approximately $45,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of CMB.TECH during the third quarter worth approximately $56,000.

CMB.TECH Company Profile

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. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.