Euronav NV Ordinary Shares (NYSE:EURN) Can’t Be More Risky. Short Interest Increased

April 26, 2018 - By Adrian Erickson

The stock of Euronav NV Ordinary Shares (NYSE:EURN) registered an increase of 1.08% in short interest. EURN’s total short interest was 8.68M shares in April as published by FINRA. Its up 1.08% from 8.59 million shares, reported previously. With 288,900 shares average volume, it will take short sellers 30 days to cover their EURN’s short positions. The short interest to Euronav NV Ordinary Shares’s float is 7.04%.

The stock increased 1.20% or $0.1 during the last trading session, reaching $8.45. About 390,698 shares traded. Euronav NV (NYSE:EURN) has risen 5.70% since April 26, 2017 and is uptrending. It has underperformed by 5.85% the S&P500.

Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean transportation and storage of crude oil and petroleum products worldwide. The company has market cap of $1.34 billion. The firm operates through two divisions, Tankers; and Floating Production, Storage, and Offloading Operations. It has a 938.89 P/E ratio. As of August 23, 2017, it owned and operated a fleet of 56 double hulled vessels, including 30 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 4 Suezmax vessels under construction.

Euronav NV (NYSE:EURN) Ratings Coverage

Among 5 analysts covering Euronav NV (NYSE:EURN), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Euronav NV had 7 analyst reports since October 27, 2017 according to SRatingsIntel. Stifel Nicolaus maintained Euronav NV (NYSE:EURN) on Thursday, December 21 with “Hold” rating. The stock of Euronav NV (NYSE:EURN) earned “Overweight” rating by Morgan Stanley on Monday, February 12. The firm earned “Neutral” rating on Friday, March 23 by JP Morgan. As per Friday, October 27, the company rating was maintained by Stifel Nicolaus. UBS maintained the stock with “Neutral” rating in Friday, January 26 report. The firm has “Hold” rating given on Tuesday, December 5 by Stifel Nicolaus.

Euronav NV (NYSE:EURN) Ratings Chart

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