Large Inflow of Money Detected in Nordic American Tankers Limited

Nordic American Tankers Limited (NAT): $0.63 million was the positive money flow into the stock on Monday and the up/down ratio of ticks was also in favor of the bulls at 1.48. The value of trades done on upticks was $1.96 million, whereas, trades done on downticks were valued at $1.32 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0.48 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $0.48 million. Nordic American Tankers Limited (NAT) fell $0.01 traded at $11.96, a change of -0.04% over the previous day. The stock is -0.71% for the week.


Nordic American Tankers Limited has lost 5.05% in the last five trading days and dropped 14.2% in the last 4 weeks. Nordic American Tankers Limited has dropped 17.2% during the last 3-month period . Year-to-Date the stock performance stands at -19.2%.

Nordic American Tankers Limited (NYSE:NAT): The stock opened at $12.04 on Monday but the bulls could not build on the opening and the stock topped out at $12.17 for the day. The stock traded down to $11.79 during the day, due to lack of any buying support eventually closed down at $11.84 with a loss of -1.00% for the day. The stock had closed at $11.96 on the previous day. The total traded volume was 1,818,648 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.

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