Euronav NV (NYSE:CMBT) Sees Large Drop in Short Interest

Euronav NV (NYSE:CMBT) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 299,200 shares, a decrease of 8.3% from the December 15th total of 326,400 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily trading volume, of 107,700 shares, the days-to-cover ratio is presently 2.8 days.

Euronav Stock Performance

CMBT opened at $11.09 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 1.91. Euronav has a one year low of $8.59 and a one year high of $21.26. The stock has a market cap of $2.16 billion, a P/E ratio of 1.87 and a beta of -0.11. The firm has a 50-day simple moving average of $10.82.

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.