CMB.TECH nv (NYSE:CMBT) Short Interest Down 25.3% in February

CMB.TECH nv (NYSE:CMBT) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 1,846,772 shares, a decline of 25.3% from the February 12th total of 2,473,222 shares. Based on an average daily volume of 2,436,585 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 2,436,585 shares, the short-interest ratio is currently 0.8 days.

CMB.TECH Stock Performance

Shares of NYSE:CMBT traded up $0.52 during trading on Monday, hitting $12.43. 2,028,623 shares of the stock traded hands, compared to its average volume of 2,321,201. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.86 and a quick ratio of 0.79. The company has a fifty day moving average price of $12.58 and a two-hundred day moving average price of $10.66. CMB.TECH has a 52-week low of $7.65 and a 52-week high of $14.93.

CMB.TECH (NYSE:CMBT) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). The firm had revenue of $639.98 million for the quarter, compared to analysts’ expectations of $449.43 million. CMB.TECH had a return on equity of 6.25% and a net margin of 9.70%.

CMB.TECH Announces Dividend

The company also recently announced a special dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, April 15th. CMB.TECH’s dividend payout ratio is presently 10.77%.

Institutional Investors Weigh In On CMB.TECH

A number of institutional investors have recently modified their holdings of CMBT. Folketrygdfondet acquired a new position in CMB.TECH in the 3rd quarter worth about $51,651,000. Vanguard Group Inc. grew its holdings in CMB.TECH by 3,042.0% in the third quarter. Vanguard Group Inc. now owns 4,242,670 shares of the company’s stock valued at $40,701,000 after purchasing an additional 4,107,637 shares during the period. Mirabella Financial Services LLP acquired a new stake in CMB.TECH in the third quarter valued at approximately $22,386,000. Norges Bank purchased a new stake in shares of CMB.TECH in the fourth quarter valued at approximately $21,956,000. Finally, Marshall Wace LLP purchased a new stake in shares of CMB.TECH in the third quarter valued at approximately $17,428,000.

Analyst Upgrades and Downgrades

Several research firms have commented on CMBT. Wall Street Zen raised shares of CMB.TECH from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings raised 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 investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

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.