International Seaways Inc. (INSW) Becoming More Attractive for Investors

International Seaways Inc.’s recently made public that its President & CEO Zabrocky Lois K unloaded Company’s shares for reported $43530.0 on Sep 01. In the deal valued at $43.53 per share,1,000 shares were sold. As a result of this transaction, Zabrocky Lois K now holds 142,244 shares worth roughly $ 5.93 million.

Then, WHEAT DOUGLAS D sold 8,000 shares, generating $368,016 in total proceeds. Upon selling the shares at $46.00, the Director now owns 29,902 shares.

Before that, Small James D III sold 500 shares. International Seaways Inc. shares valued at $22,395 were divested by the CAO,SVP,Sec. & General Counsel at a price of $44.79 per share. As a result of the transaction, Small James D III now holds 54,717 shares, worth roughly $2.28 million.

Deutsche Bank initiated its International Seaways Inc. [INSW] rating to a Buy in a research note published on Tuesday, October 11, 2022; the price target was $40. PT values the company’s stock at a premium of -4.3 to its Tuesday closing price.

Price Performance Review of INSW

On Tuesday, International Seaways Inc. [NYSE:INSW] saw its stock fall -3.31% to $41.72. On the same session, the stock had its day’s lowest price of $40.80, but rose to a high of $42.55. Over the last five days, the stock has lost -6.35%. International Seaways Inc. shares have risen nearly 22.41% since the year began. Nevertheless, the stocks have risen 60.80% over the past one year. While a 52-week high of $49.02 was reached on 03/03/23, a 52-week low of $26.21 was recorded on 01/04/23. SMA at 50 days reached $41.19, while 200 days put it at $40.71. A total of 0.72 million shares were traded, compared to the trading of 0.51 million shares in the previous session.

Levels Of Support And Resistance For INSW Stock

The 24-hour chart illustrates a support level at 40.83, which if violated will result in even more drops to 39.94. On the upside, there is a resistance level at 42.58. A further resistance level may holdings at 43.44. The Relative Strength Index (RSI) on the 14-day chart is 39.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.14%. Stochastics %K at 12.80% indicates the stock is a buying.

How much short interest is there in International Seaways Inc.?

A steep rise in short interest was recorded in International Seaways Inc. stocks on Aug 14, 2023, growing by 0.2 million shares to a total of 1.58 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.38 million shares. There was a rise of 12.66%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.96% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.16.

International Seaways Inc. [INSW] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 3,315,743 shares, or roughly 6.79% of the outstanding INSW shares. In other words, the investor’s shares have fallen by -98,093 from its previous 13-F filing of 3413836.0. Additionally, Dimensional Fund Advisors LP increased 3.23% of its stake after which the total value it holdings stand at $129,676,500, while BlackRock Fund Advisors reduced -14.81% of its stake to hold $112.33 million in the firm. Over the last quarter, Cobas Asset Management SGIIC SA sold -2,008,646 shares of International Seaways Inc., while Donald Smith & Co., Inc. sold 6,137 shares. At present, Victory Capital Management, Inc. is holding 1,069,899 shares valued at $45.89 million. SSgA Funds Management, Inc. owned 912,175 shares of the company at the time of its most recent 13F filing, worth $39.12 million.