Nordic American Tankers Limited (NAT) Reaches $3.84 Low on Dec, 6; COOL TECH (WARM) Shorts Increased By 830.43%

December 6, 2017 - By Louis Casey

The stock of Nordic American Tankers Limited (NYSE:NAT) reached all time low today, Dec, 6 and still has $3.69 target or 4.00% below today’s $3.84 share price. This indicates more downside for the $391.48 million company. This technical setup was reported by If the $3.69 PT is reached, the company will be worth $15.66 million less. The stock decreased 0.52% or $0.02 during the last trading session, reaching $3.84. About 404,819 shares traded. Nordic American Tankers Limited (NYSE:NAT) has declined 48.16% since December 6, 2016 and is downtrending. It has underperformed by 64.86% the S&P500.

COOL TECH INCORPORATED (OTCMKTS:WARM) had an increase of 830.43% in short interest. WARM’s SI was 42,800 shares in December as released by FINRA. Its up 830.43% from 4,600 shares previously. With 850,600 avg volume, 0 days are for COOL TECH INCORPORATED (OTCMKTS:WARM)’s short sellers to cover WARM’s short positions. It closed at $0.062 lastly. It is down 0.00% since December 6, 2016 and is . It has underperformed by 16.70% the S&P500.

Analysts await Nordic American Tankers Limited (NYSE:NAT) to report earnings on February, 5. They expect $-0.06 EPS, down 200.00% or $0.04 from last year’s $-0.02 per share. After $-0.34 actual EPS reported by Nordic American Tankers Limited for the previous quarter, Wall Street now forecasts -82.35% EPS growth.

Among 9 analysts covering Nordic American Tanker Shipping (NYSE:NAT), 1 have Buy rating, 3 Sell and 5 Hold. Therefore 11% are positive. Nordic American Tanker Shipping had 22 analyst reports since August 12, 2015 according to SRatingsIntel. Seaport Global reinitiated Nordic American Tankers Limited (NYSE:NAT) on Wednesday, May 4 with “Neutral” rating. As per Monday, October 23, the company rating was maintained by Maxim Group. Maxim Group maintained it with “Sell” rating and $3.0 target in Monday, November 6 report. The rating was initiated by Wells Fargo with “Market Perform” on Wednesday, November 16. The rating was maintained by Jefferies on Wednesday, July 27 with “Underperform”. The stock of Nordic American Tankers Limited (NYSE:NAT) has “Sell” rating given on Thursday, October 19 by Jefferies. As per Monday, August 21, the company rating was maintained by Jefferies. Jefferies maintained Nordic American Tankers Limited (NYSE:NAT) on Monday, April 3 with “Sell” rating. The stock has “Underperform” rating by Evercore on Friday, July 21. The firm earned “Sell” rating on Monday, May 8 by Maxim Group.

Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers worldwide. The company has market cap of $391.48 million. It operates a fleet of 33 Suezmax crude oil tankers. It currently has negative earnings.

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