CMB.TECH nv (NYSE:CMBT) Short Interest Down 12.7% in January

CMB.TECH nv (NYSE:CMBT) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 2,620,885 shares, a drop of 12.7% from the December 31st total of 3,001,091 shares. Based on an average daily volume of 3,130,507 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 3,130,507 shares, the short-interest ratio is currently 0.8 days.

Analyst Ratings Changes

CMBT has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of CMB.TECH from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Weiss Ratings raised shares of CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 14th. Finally, Pareto Securities upgraded CMB.TECH to a “strong-buy” rating in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, CMB.TECH currently has a consensus rating of “Buy”.

CMB.TECH Stock Down 3.8%

CMBT stock opened at $12.27 on Thursday. The company has a market capitalization of $2.39 billion, a P/E ratio of 14.96 and a beta of -0.08. CMB.TECH has a 12 month low of $7.65 and a 12 month high of $13.16. The firm’s fifty day simple moving average is $10.77 and its 200-day simple moving average is $9.80. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.73 and a quick ratio of 0.61.

CMB.TECH (NYSE:CMBT) last issued its earnings results on Wednesday, November 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04). CMB.TECH had a return on equity of 4.28% and a net margin of 12.64%.The business had revenue of $460.80 million for the quarter, compared to analysts’ expectations of $393.37 million.

CMB.TECH Dividend Announcement

The business also recently announced a special dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, January 7th were paid a $0.05 dividend. The ex-dividend date was Wednesday, January 7th. CMB.TECH’s dividend payout ratio is presently 8.54%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CMBT. Folketrygdfondet acquired a new stake in shares of CMB.TECH during the 3rd quarter worth approximately $51,651,000. Vanguard Group Inc. boosted its holdings in CMB.TECH by 3,042.0% during the third quarter. Vanguard Group Inc. now owns 4,242,670 shares of the company’s stock worth $40,701,000 after buying an additional 4,107,637 shares in the last quarter. Mirabella Financial Services LLP purchased a new stake in CMB.TECH during the third quarter worth $22,386,000. Marshall Wace LLP acquired a new stake in CMB.TECH during the third quarter valued at $17,428,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in CMB.TECH in the third quarter valued at $12,024,000.

About CMB.TECH

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.