Short Interest in CMB.TECH nv (NYSE:CMBT) Declines By 12.7%

CMB.TECH nv (NYSE:CMBT) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 2,620,885 shares, a decline 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 presently 0.8 days. Based on an average daily volume of 3,130,507 shares, the short-interest ratio is presently 0.8 days.

CMB.TECH Stock Down 0.5%

CMBT stock opened at $12.98 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.96. CMB.TECH has a fifty-two week low of $7.65 and a fifty-two week high of $13.16. The firm’s 50-day simple moving average is $10.68 and its 200 day simple moving average is $9.76. The stock has a market cap of $2.54 billion, a PE ratio of 15.82 and a beta of -0.08.

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

CMB.TECH Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CMBT. Raymond James Financial Inc. bought a new stake in shares of CMB.TECH during the second quarter valued at about $27,000. Public Employees Retirement System of Ohio bought a new stake in shares of CMB.TECH during the 3rd quarter worth about $45,000. Sunbelt Securities Inc. bought a new stake in shares of CMB.TECH during the 3rd quarter worth about $56,000. Legal & General Group Plc lifted its stake in shares of CMB.TECH by 221.3% in the 2nd quarter. Legal & General Group Plc now owns 6,529 shares of the company’s stock worth $59,000 after acquiring an additional 4,497 shares during the period. Finally, Vise Technologies Inc. bought a new position in shares of CMB.TECH in the third quarter valued at approximately $94,000.

Wall Street Analysts Forecast Growth

CMBT has been the topic of a number of recent research reports. Pareto Securities upgraded shares of CMB.TECH to a “strong-buy” rating in a research report on Friday, November 28th. Wall Street Zen cut shares of CMB.TECH from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings upgraded CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 14th. One 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.com, the stock has a consensus rating of “Buy”.

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.