Euronav NV (NYSE:CMBT) Short Interest Up 13.1% in October

Euronav NV (NYSE:CMBT) saw a large increase in short interest in 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 trading volume of 125,200 shares, the days-to-cover ratio is currently 2.0 days.

Euronav Price Performance

Shares of NYSE CMBT traded down $0.14 during mid-day trading on Thursday, hitting $13.91. 65,060 shares of the stock traded hands, compared to its average volume of 611,430. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 1.54. Euronav has a twelve month low of $13.87 and a twelve month high of $21.26. The firm has a market capitalization of $2.81 billion, a P/E ratio of 2.31 and a beta of -0.08. The firm’s 50 day simple moving average is $15.99.

Euronav (NYSE:CMBT) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.46 EPS for the quarter, beating 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 firm had revenue of $233.66 million for the quarter. On average, equities research analysts anticipate that Euronav will post 1.46 earnings per share for the current fiscal year.

Euronav 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.