Short Interest in CMB.TECH nv (NYSE:CMBT) Decreases By 25.3%

CMB.TECH nv (NYSE:CMBT) was the target of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 1,846,772 shares, a decrease of 25.3% from the February 12th total of 2,473,222 shares. Based on an average daily volume of 2,436,585 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 2,436,585 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of CMB.TECH

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its holdings in CMB.TECH by 17.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 248,014 shares of the company’s stock worth $2,252,000 after buying an additional 37,356 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of CMB.TECH by 3,978.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 30,752 shares of the company’s stock valued at $277,000 after acquiring an additional 29,998 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of CMB.TECH by 221.3% in the 2nd quarter. Legal & General Group Plc now owns 6,529 shares of the company’s stock valued at $59,000 after acquiring an additional 4,497 shares during the last quarter. Norges Bank acquired a new stake in shares of CMB.TECH during the 2nd quarter worth about $2,847,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of CMB.TECH during the 2nd quarter worth about $27,000.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CMBT. Weiss Ratings raised CMB.TECH from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 14th. Wall Street Zen raised shares of CMB.TECH from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Pareto Securities raised shares of CMB.TECH to a “strong-buy” rating in a research note on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, CMB.TECH currently has an average rating of “Buy”.

CMB.TECH Stock Performance

Shares of CMBT stock traded up $0.52 during trading hours on Monday, reaching $12.43. 2,028,623 shares of the stock were exchanged, compared to its average volume of 2,321,202. The business’s fifty day moving average is $12.63 and its two-hundred day moving average is $10.69. CMB.TECH has a 12-month low of $7.65 and a 12-month high of $14.93. The company has a quick ratio of 0.79, a current ratio of 0.86 and a debt-to-equity ratio of 1.80.

CMB.TECH (NYSE:CMBT) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). CMB.TECH had a return on equity of 6.25% and a net margin of 9.70%.The firm had revenue of $639.98 million during the quarter, compared to analysts’ expectations of $449.43 million.

CMB.TECH Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 15th will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, April 15th. CMB.TECH’s payout ratio is presently 10.77%.

CMB.TECH 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. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.