Shares of Nordic American Tankers Limited (NAT) Sees Large Inflow of Net Money Flow

Nordic American Tankers Limited (NAT) : Fridays money flow data in Nordic American Tankers Limited (NAT) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $3.22 million, whereas, $2.22 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.45, in favor of the bulls. The total money flow into the stock was $1.01 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0 million. The total value of block trades done on upticks was $0 million. Nordic American Tankers Limited (NAT) fell $0.04 and traded at $13.31, down -0.3% for the day, over previous days close. On a weekly basis, the shares are -3.55% over the previous weeks close.


Nordic American Tankers Limited (NAT) : The highest level Nordic American Tankers Limited (NAT) is projected to reach is $17 for the short term and the lowest estimate is at $10. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $13 and the possibility the share price can swing is $2.92.

Nordic American Tankers Limited (NYSE:NAT): stock turned positive on Friday. Though the stock opened at $13.35, the bulls momentum made the stock top out at $13.43 level for the day. The stock recorded a low of $13.1462 and closed the trading day at $13.37, in the green by 0.15%. The total traded volume for the day was 1,451,757. The stock had closed at $13.35 in the previous days trading.

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.

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