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

Euronav NV (NYSE:CMBT) saw a significant increase in short interest in 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. Based on an average daily volume of 125,200 shares, the short-interest ratio is presently 2.0 days. Currently, 1.7% of the shares of the company are short sold.

Euronav Price Performance

Euronav stock traded down $0.14 during mid-day trading on Thursday, reaching $13.91. 65,060 shares of the company were exchanged, compared to its average volume of 611,430. The firm’s fifty day simple moving average is $15.99. Euronav has a 12 month low of $13.87 and a 12 month 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 company has a market cap of $2.81 billion, a price-to-earnings ratio of 2.31 and a beta of -0.08.

Euronav (NYSE:CMBT) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.46 EPS 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 firm had revenue of $233.66 million for the quarter. Sell-side analysts anticipate that Euronav will post 1.46 earnings per share for the current 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.