Short Interest Update on Euronav NV (EURN)

Euronav NV (EURN) : 2 days before expiry, shorts in Euronav NV (EURN) have reduced from 1,503,527 on Jul 29, 2016, to 1,143,777 on August 15, 2016. On an average, 501,753 shares are traded on the exchange. The outstanding bearish positions are equal to 0.9% of the float. Short sellers have covered -359,750 shares, a reduction of -23.9%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Euronav NV (NYSE:EURN): The stock opened at $9.45 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.51 for the day. The stock traded down to $9.28 during the day, due to lack of any buying support eventually closed down at $9.29 with a loss of -1.59% for the day. The stock had closed at $9.44 on the previous day. The total traded volume was 478,955 shares.


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