Short Interest in Stabilis Solutions, Inc. (NASDAQ:SLNG) Increases By 108.3%

Stabilis Solutions, Inc. (NASDAQ:SLNG) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 2,610 shares, an increase of 108.3% from the November 30th total of 1,253 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 5,105 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 5,105 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Stabilis Solutions Stock Performance

NASDAQ SLNG opened at $4.35 on Friday. The firm has a market cap of $80.91 million, a P/E ratio of 87.02 and a beta of -0.03. Stabilis Solutions has a 52-week low of $3.29 and a 52-week high of $8.28. The business’s 50-day moving average price is $4.79 and its 200 day moving average price is $4.64. The company has a quick ratio of 1.40, a current ratio of 1.42 and a debt-to-equity ratio of 0.10.

Stabilis Solutions (NASDAQ:SLNG) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Stabilis Solutions had a return on equity of 1.53% and a net margin of 1.40%.The company had revenue of $20.33 million during the quarter, compared to analysts’ expectations of $17.30 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Stabilis Solutions in a research report on Monday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Stabilis Solutions currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Institutional Trading of Stabilis Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of Stabilis Solutions during the first quarter worth about $225,000. Ancora Advisors LLC boosted its holdings 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 purchasing an additional 54,598 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Stabilis Solutions during the 2nd quarter worth approximately $83,000. Dimensional Fund Advisors LP raised its stake in shares of Stabilis Solutions by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock worth $81,000 after buying an additional 2,207 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in shares of Stabilis Solutions by 37.7% in the 3rd quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock valued at $83,000 after buying an additional 5,238 shares during the period. Hedge funds and other institutional investors own 3.81% of the company’s stock.

Stabilis Solutions Company Profile

Stabilis Solutions (NASDAQ: SLNG) is a U.S.-based marketer and distributor of cryogenic liquid products and liquefied natural gas (LNG). The company operates a nationwide network of terminals and bulk delivery assets, supplying industrial gases such as liquid oxygen, nitrogen and argon, as well as specialty products including carbon dioxide and hydrogen. Stabilis Solutions serves a broad array of end markets—from food and beverage processing to environmental applications and power generation—by ensuring a reliable chain of custody from production to point of use.

In addition to its cryogenic gas portfolio, Stabilis Solutions has developed a growing LNG business, providing clean-fuel solutions for heavy-duty transportation and on-site energy needs.