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

Key Points

• Short interest dropped 27.7% to 890,759 shares as of April 15, implying a short-interest ratio of just 0.6 days based on average daily volume.
• Quarterly results missed EPS ($0.31 vs. $0.34 consensus) but beat revenue expectations ($589.1M vs. $449.4M), with a net margin of 9.7% and ROE of 6.25%.
• Dividend and analyst sentiment — the company paid a special dividend of $0.16 per share (ex/record April 15), and recent upgrades have left the stock with a MarketBeat consensus rating of "Buy."

CMB.TECH nv (NYSE:CMBT - Get Free Report) saw a significant decrease in short interest in April. As of April 15th, there was short interest totaling 890,759 shares, a decrease of 27.7% from the March 31st total of 1,231,444 shares. Based on an average daily volume of 1,567,269 shares, the short-interest ratio is presently 0.6 days.

CMB.TECH Stock Performance

Shares of CMBT stock traded down $0.04 during mid-day trading on Friday, hitting $13.74. 650,149 shares of the stock were exchanged, compared to its average volume of 1,401,820. The stock's fifty day simple moving average is $13.11 and its two-hundred day simple moving average is $11.48. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 21.18 and a beta of 0.06. CMB.TECH has a 12-month low of $7.78 and a 12-month high of $14.93. 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 - Get Free Report) last issued 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 firm had revenue of $589.12 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have commented on CMBT. Weiss Ratings upgraded CMB.TECH from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, January 14th. Berenberg Bank upgraded CMB.TECH to a "strong-buy" rating in a research note on Wednesday, April 22nd. Finally, Wall Street Zen upgraded CMB.TECH from a "sell" rating to a "hold" rating in a research note on Sunday, April 12th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".

Hedge Funds Weigh In On CMB.TECH

Several hedge funds have recently made changes to their positions in the company. Everstar Asset Management LLC purchased a new position in shares of CMB.TECH during the first quarter worth about $191,000. SG Americas Securities LLC grew its holdings in shares of CMB.TECH by 90.4% during the first quarter. SG Americas Securities LLC now owns 223,691 shares of the company's stock worth $2,830,000 after purchasing an additional 106,181 shares during the last quarter. Fearnley Asset Management AS purchased a new position in shares of CMB.TECH during the fourth quarter worth about $10,284,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of CMB.TECH during the fourth quarter worth about $29,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of CMB.TECH during the fourth quarter worth about $26,000.

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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