Short Interest in CMB.TECH nv (NYSE:CMBT) Decreases By 14.5%

CMB.TECH nv (NYSE:CMBT) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,231,444 shares, a decline of 14.5% from the March 15th total of 1,440,682 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 1,568,533 shares, the days-to-cover ratio is currently 0.8 days.

CMB.TECH Price Performance

Shares of CMB.TECH stock traded up $0.17 during trading hours on Friday, hitting $13.09. The company’s stock had a trading volume of 1,555,780 shares, compared to its average volume of 1,461,550. The business has a 50 day moving average price of $13.08 and a two-hundred day moving average price of $11.23. CMB.TECH has a 12-month low of $7.78 and a 12-month high of $14.93. The company has a market cap of $2.58 billion, a PE ratio of 20.13 and a beta of -0.03. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.79 and a current ratio of 0.86.

CMB.TECH (NYSE:CMBT) last released its quarterly earnings data on Friday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). The business had revenue of $589.12 million during the quarter, compared to the consensus estimate of $449.43 million. CMB.TECH had a return on equity of 6.25% and a net margin of 9.70%.

CMB.TECH Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, April 15th. CMB.TECH’s dividend payout ratio (DPR) is 27.69%.

Institutional Investors Weigh In On CMB.TECH

Institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC boosted its position in shares of CMB.TECH by 3.0% during the fourth quarter. Headlands Technologies LLC now owns 67,058 shares of the company’s stock worth $647,000 after acquiring an additional 1,957 shares during the last quarter. Mariner LLC grew its stake in CMB.TECH by 4.0% during the fourth quarter. Mariner LLC now owns 63,372 shares of the company’s stock valued at $612,000 after acquiring an additional 2,439 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new stake in CMB.TECH in the 4th quarter valued at $26,000. Raymond James Financial Inc. bought a new stake in CMB.TECH in the 2nd quarter valued at $27,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in CMB.TECH in the 4th quarter valued at $29,000.

Analyst Ratings Changes

A number of research firms have commented on CMBT. Weiss Ratings upgraded shares of CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 14th. Wall Street Zen upgraded shares of CMB.TECH from a “sell” rating to a “hold” rating in a research report on Sunday, April 12th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently 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.