Short Interest in Stabilis Solutions, Inc. (NASDAQ:SLNG) Rises By 226.9%

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 8,500 shares, an increase of 226.9% from the September 15th total of 2,600 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 11,900 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 11,900 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC acquired a new position in Stabilis Solutions in the 2nd quarter valued at approximately $83,000. Russell Investments Group Ltd. acquired a new position in Stabilis Solutions in the 1st quarter valued at approximately $225,000. Finally, Ancora Advisors LLC increased its stake in Stabilis Solutions by 803.7% in the 1st quarter. Ancora Advisors LLC now owns 61,391 shares of the company’s stock valued at $298,000 after buying an additional 54,598 shares during the period. Institutional investors and hedge funds own 3.81% of the company’s stock.

Stabilis Solutions Stock Down 2.1%

Stabilis Solutions stock opened at $4.84 on Friday. The firm has a market cap of $89.95 million, a PE ratio of 120.93 and a beta of 0.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.56 and a current ratio of 1.57. The firm’s 50 day moving average price is $4.27 and its two-hundred day moving average price is $4.77. Stabilis Solutions has a twelve month low of $3.29 and a twelve month high of $8.28.

Stabilis Solutions (NASDAQ:SLNG) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). The company had revenue of $17.31 million during the quarter, compared to analyst estimates of $20.20 million. Stabilis Solutions had a net margin of 1.28% and a return on equity of 1.35%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SLNG. Weiss Ratings restated a “sell (d)” rating on shares of Stabilis Solutions in a research report on Wednesday, October 8th. Maxim Group reduced their price target on shares of Stabilis Solutions from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, August 11th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.00.

About Stabilis Solutions

Stabilis Solutions, Inc, together with its subsidiaries, an energy transition company, provides clean energy production, storage, transportation, and fueling solutions primarily using liquefied natural gas (LNG) to various end markets in North America. The company offers LNG solutions to customers in aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets.