Frontline LTD. Ordinary Shares (NYSE:FRO) Just Reported Decreased Shorts

July 27, 2018 - By Kristin Houston

Frontline Ltd. (NYSE:FRO) Logo

The stock of Frontline LTD. Ordinary Shares (NYSE:FRO) registered a decrease of 6.55% in short interest. FRO’s total short interest was 6.40 million shares in July as published by FINRA. Its down 6.55% from 6.85 million shares, reported previously. With 296,100 shares average volume, it will take short sellers 22 days to cover their FRO’s short positions. The short interest to Frontline LTD. Ordinary Shares’s float is 8.4%.

The stock increased 1.52% or $0.08 during the last trading session, reaching $5.33. About 359,702 shares traded. Frontline Ltd. (NYSE:FRO) has declined 20.93% since July 27, 2017 and is downtrending. It has underperformed by 33.50% the S&P500.

Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. The company has market cap of $905.08 million. As of December 31, 2016, the firm operated a fleet of 56 vessels, including VLCC, Suezmax, LR2/ Aframax, and MR tankers. It currently has negative earnings. It is also involved in the charter, purchase, and sale of vessels.

Frontline Ltd. (NYSE:FRO) Ratings Coverage

Among 2 analysts covering Frontline (NYSE:FRO), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Frontline has $5 highest and $3.5000 lowest target. $4.25’s average target is -20.26% below currents $5.33 stock price. Frontline had 3 analyst reports since June 4, 2018 according to SRatingsIntel. The company was maintained on Monday, June 4 by Wells Fargo. Wells Fargo upgraded the shares of FRO in report on Monday, June 18 to “Outperform” rating.

More important recent Frontline Ltd. (NYSE:FRO) news were published by: Globenewswire.com which released: “FRO – Investment in Feen Marine Scrubbers Inc.” on June 28, 2018, also Seekingalpha.com published article titled: “Reader Comments Tagged 48 Dividend Stocks And Funds For July”, Globenewswire.com published: “FRO – Announces Launching of ATM Equity Offering” on July 24, 2018. More interesting news about Frontline Ltd. (NYSE:FRO) was released by: Streetinsider.com and their article: “Frontline (FRO) Launches $100M ATM Equity Offering” with publication date: July 24, 2018.

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