Stabilis Solutions, Inc. (NASDAQ:SLNG) Short Interest Up 174.0% in March

Stabilis Solutions, Inc. (NASDAQ:SLNG) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 52,201 shares, a growth of 174.0% from the March 15th total of 19,050 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 105,796 shares, the short-interest ratio is currently 0.5 days.

Stabilis Solutions Trading Down 3.9%

SLNG stock traded down $0.14 during midday trading on Friday, reaching $3.48. 24,500 shares of the company traded hands, compared to its average volume of 81,954. Stabilis Solutions has a 52-week low of $3.21 and a 52-week high of $6.36. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.26 and a current ratio of 1.30. The business has a 50 day moving average of $4.69 and a 200-day moving average of $4.72. The firm has a market capitalization of $64.71 million, a price-to-earnings ratio of -49.71 and a beta of -0.12.

Stabilis Solutions (NASDAQ:SLNG) last issued its quarterly earnings data on Wednesday, March 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Stabilis Solutions had a negative net margin of 1.98% and a negative return on equity of 2.05%. The company had revenue of $13.27 million for the quarter, compared to analysts’ expectations of $21.90 million.

Analyst Ratings Changes

A number of research firms recently commented on SLNG. Weiss Ratings reiterated a “sell (d+)” rating on shares of Stabilis Solutions in a research report on Monday, December 29th. Maxim Group downgraded Stabilis Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Stabilis Solutions currently has an average rating of “Reduce” and an average target price of $10.00.

Institutional Investors Weigh In On Stabilis Solutions

Several hedge funds and other institutional investors have recently modified their holdings of SLNG. Ancora Advisors LLC raised its holdings in shares of Stabilis Solutions by 32.3% in the third quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock worth $370,000 after buying an additional 20,718 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Stabilis Solutions by 30.2% in the fourth quarter. Russell Investments Group Ltd. now owns 74,247 shares of the company’s stock worth $338,000 after buying an additional 17,213 shares during the period. Citadel Advisors LLC raised its holdings in shares of Stabilis Solutions by 37.7% in the third quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock worth $83,000 after buying an additional 5,238 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Stabilis Solutions by 13.5% in the third 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 during the period. 3.81% of the stock is currently owned by hedge funds and other institutional investors.

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.