CMB.TECH nv (NYSE:CMBT) Short Interest Update

Key Points

• Short interest fell 14.5% to 1,231,444 shares as of March 31, implying a very low short-interest ratio of 0.8 days and about 0.6% of the float shorted.
• The company declared a $0.16 special dividend payable April 22 to shareholders of record on April 15 (ex-dividend date April 15).
• CMB.TECH reported quarterly EPS of $0.31 (missing estimates by $0.03) while revenue beat at $589.1M versus $449.4M expected; shares traded at $13.09 (up 1.3%) with a market cap of $2.61B.

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

Institutional Investors Weigh In On CMB.TECH

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

Analyst Ratings Changes

A number of brokerages recently commented on CMBT. Wall Street Zen raised CMB.TECH from a "sell" rating to a "hold" rating in a research note on Sunday, April 12th. Weiss Ratings raised CMB.TECH from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy".

CMB.TECH Trading Up 1.3%

Shares of NYSE:CMBT traded up $0.17 during trading on Friday, hitting $13.09. The company had a trading volume of 1,555,620 shares, compared to its average volume of 2,074,643. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 20.13 and a beta of -0.03. CMB.TECH has a one year low of $7.78 and a one year high of $14.93. The company has a fifty day simple moving average of $13.07 and a two-hundred day simple moving average of $11.21. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.86 and a quick ratio of 0.79.

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

CMB.TECH Dividend Announcement

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

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.

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