Euronav NV (NYSE:CMBT) Sees Large Drop in Short Interest

Euronav NV (NYSE:CMBT) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 299,200 shares, a decrease of 8.3% from the December 15th total of 326,400 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 107,700 shares, the short-interest ratio is presently 2.8 days.

Euronav Stock Performance

Shares of Euronav stock opened at $11.09 on Monday. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.29 and a quick ratio of 1.22. The stock has a market cap of $2.16 billion, a P/E ratio of 1.87 and a beta of -0.11. Euronav has a 1 year low of $8.59 and a 1 year high of $21.26. The stock’s fifty day simple moving average is $10.82.

About Euronav

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.