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

CMB.TECH nv (NYSE:CMBT) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,440,682 shares, a decrease of 22.0% from the February 26th total of 1,846,772 shares. Based on an average daily volume of 2,040,827 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Ratings Changes

CMBT has been the subject of a number of recent analyst reports. Weiss Ratings raised CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 14th. Wall Street Zen raised CMB.TECH from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CMB.TECH currently has a consensus rating of “Buy”.

Hedge Funds Weigh In On CMB.TECH

Several hedge funds have recently modified their holdings of CMBT. Mcguire Capital Advisors Inc. bought a new position in shares of CMB.TECH in the fourth quarter valued at $26,000. Raymond James Financial Inc. bought a new stake in CMB.TECH during the second quarter worth $27,000. Caitong International Asset Management Co. Ltd bought a new stake in CMB.TECH during the fourth quarter worth $29,000. Public Employees Retirement System of Ohio acquired a new stake in CMB.TECH in the third quarter valued at $45,000. Finally, Sunbelt Securities Inc. acquired a new stake in CMB.TECH in the third quarter valued at $56,000.

CMB.TECH Stock Down 0.6%

CMB.TECH stock opened at $12.62 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.79 and a current ratio of 0.86. The business has a 50-day moving average of $12.89 and a 200-day moving average of $10.91. CMB.TECH has a 1 year low of $7.65 and a 1 year high of $14.93.

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

CMB.TECH Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 15th will be given a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. CMB.TECH’s dividend payout ratio (DPR) is 10.77%.

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.