Euronav NV (NYSE:CMBT) Short Interest Up 11.9% in October

Euronav NV (NYSE:CMBT) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 287,100 shares, a growth of 11.9% from the October 15th total of 256,600 shares. Based on an average daily trading volume, of 97,400 shares, the short-interest ratio is presently 2.9 days. Approximately 1.9% of the company’s shares are sold short.

Euronav Stock Performance

Shares of NYSE CMBT traded up $0.11 during mid-day trading on Monday, hitting $12.78. 75,847 shares of the stock traded hands, compared to its average volume of 584,703. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.22 and a current ratio of 1.29. Euronav has a 52 week low of $12.62 and a 52 week high of $21.26. The company has a market capitalization of $2.58 billion, a P/E ratio of 2.15 and a beta of -0.07. The stock has a fifty day moving average of $15.34.

Euronav Company Profile

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.