CMB.TECH nv (NYSE:CMBT) Short Interest Update
by Renee Jackson · The Cerbat GemCMB.TECH nv (NYSE:CMBT – Get Free Report) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 2,911,730 shares, a decline of 22.9% from the November 30th total of 3,776,431 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily volume of 1,815,228 shares, the short-interest ratio is presently 1.6 days. Based on an average daily volume of 1,815,228 shares, the short-interest ratio is presently 1.6 days. Approximately 1.5% of the company’s stock are sold short.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on CMBT shares. Weiss Ratings restated a “sell (d+)” rating on shares of CMB.TECH in a research note on Monday. Pareto Securities upgraded shares of CMB.TECH to a “strong-buy” rating in a report on Friday, November 28th. Finally, Wall Street Zen raised shares of CMB.TECH from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on CMBT
CMB.TECH Stock Performance
Shares of NYSE CMBT traded down $0.22 during trading on Tuesday, reaching $9.51. 1,341,379 shares of the company traded hands, compared to its average volume of 1,422,223. The firm has a 50 day simple moving average of $9.85 and a 200-day simple moving average of $9.43. CMB.TECH has a 52-week low of $7.65 and a 52-week high of $12.00. The stock has a market capitalization of $1.85 billion, a PE ratio of 11.60 and a beta of -0.09. 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 (NYSE:CMBT – Get Free Report) last issued its quarterly earnings data on Wednesday, November 26th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). CMB.TECH had a net margin of 12.64% and a return on equity of 4.28%. The company had revenue of $460.80 million for the quarter, compared to the consensus estimate of $393.37 million.
CMB.TECH Dividend Announcement
The company also recently announced a special dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, January 7th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, January 7th. CMB.TECH’s dividend payout ratio is currently 4.88%.
Institutional Trading of CMB.TECH
Several hedge funds have recently bought and sold shares of CMBT. Norges Bank bought a new position in shares of CMB.TECH in the second quarter worth approximately $2,847,000. BNP Paribas Financial Markets bought a new stake in shares of CMB.TECH during the 3rd quarter valued at $750,000. Legal & General Group Plc lifted its stake in shares of CMB.TECH by 1,781.7% during the 3rd quarter. Legal & General Group Plc now owns 122,858 shares of the company’s stock valued at $1,176,000 after buying an additional 116,329 shares in the last quarter. Swiss National Bank purchased a new position in shares of CMB.TECH during the 3rd quarter valued at $2,349,000. Finally, Russell Investments Group Ltd. bought a new position in CMB.TECH in the 3rd quarter worth $186,000.
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.