What’s Euronav NV Ordinary Shares (NYSE:EURN) Upside After This Short Interest Increase?

The stock of Euronav NV Ordinary Shares (NYSE:EURN) registered an increase of 2.56% in short interest. EURN’s total short interest was 6.61 million shares in May as published by FINRA. Its up 2.56% from 6.45 million shares, reported previously. With 321,100 shares average volume, it will take short sellers 21 days to cover their EURN’s short positions.

The stock decreased 1.88% or $0.19 during the last trading session, reaching $9.9. About 215,818 shares traded. Euronav NV (NYSE:EURN) has risen 0.49% since May 17, 2018 and is uptrending. It has underperformed by 3.88% 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 $2.13 billion. The firm operates through two divisions, Tankers; and Floating Production, Storage, and Offloading Operations. It currently has negative earnings. 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 2 analysts covering Euronav (NYSE:EURN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Euronav had 5 analyst reports since November 30, 2018 according to SRatingsIntel. JP Morgan upgraded the stock to “Overweight” rating in Wednesday, January 23 report. As per Friday, November 30, the company rating was downgraded by DNB Markets.

More notable recent Euronav NV (NYSE:EURN) news were published by: Seekingalpha.com which released: “Merger Arbitrage Mondays – June 18, 2018 – Seeking Alpha” on June 19, 2018, also Seekingalpha.com with their article: “Euronav NV 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” published on January 24, 2019, Streetinsider.com published: “Form 6-K Euronav NV For: May 31 – StreetInsider.com” on May 03, 2019. More interesting news about Euronav NV (NYSE:EURN) were released by: Seekingalpha.com and their article: “Crude Tanker Supply Side Update (July 2017) – Seeking Alpha” published on July 26, 2017 as well as Benzinga.com‘s news article titled: “Euronav NV (NYSE:EURN), (INSW) – International Seaways’ Double Exposure To Crude And Products – Benzinga” with publication date: May 09, 2019.

Euronav NV (NYSE:EURN) Ratings Chart

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