Nordic American Tankers Limited (NAT) : Traders are increasing their bearish positions on the stock, as is visible by the 1.4% jump in the outstanding short positions; a total addition of 230,883 shares on the sell side. On Jul 29, 2016, the total short positions were 16,047,733 shares, which went up to 16,278,616 shares by the close of trading on August 15, 2016. It will take 11 days for the bears to roll over or cover. An average of 1,453,674 shares exchange hands daily. 19% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
Nordic American Tankers Limited (NYSE:NAT): The stock opened at $10.83 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.89 for the day. The stock traded down to $10.50 during the day, due to lack of any buying support eventually closed down at $10.55 with a loss of -2.04% for the day. The stock had closed at $10.77 on the previous day. The total traded volume was 1,876,598 shares.
Nordic American Tankers Limited (NAT) is an international tanker company. The Company owns approximately 24 Suezmax crude oil tankers, two of which are newbuildings averaging approximately 156,000 deadweight tonnage (dwt) each. The Companys subsidiaries include Scandic American Shipping Ltd. (Scandic) and Orion Tankers Ltd (Orion). The Companys Suezmax tankers are interchangeable assets within the Orion Tankers pool. NATs vessels include Nordic Harrier, Nordic Hawk, Nordic Hunter, Nordic Voyager, Nordic Fighter, Nordic Freedom, Nordic Discovery, Nordic Saturn, Nordic Jupiter, Nordic Moon, Nordic Apollo, Nordic Vega, Nordic Breeze, Nordic Aurora, Nordic Zenith and Nordic Sprinter. The Companys vessels were built in the yards of various companies, such as Samsung Heavy Industries Co., Ltd, Hyundai Heavy Industries Co., Ltd., Daewoo Shipbuilding and Marine Engineering S.A., Dalian Shipbuilding Industry Co. Ltd. and Bohai Shipbuilding Heavy Industry Co. Ltd.