Stabilis Solutions, Inc. (NASDAQ:SLNG) Shares Shorted: Short Interest Down 36.3% in September

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 15,666 shares, a decrease of 36.3% from the August 31st total of 24,600 shares. Based on an average daily volume of 58,700 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the shares of the stock are sold short.

Stabilis Solutions Price Performance

SLNG traded up $0.07 on Friday, hitting $4.91. 1,415 shares of the company’s stock were exchanged, compared to its average volume of 38,512. Stabilis Solutions has a fifty-two week low of $3.21 and a fifty-two week high of $7.07. The stock has a market cap of $91.23 million, a price-to-earnings ratio of -11.68 and a beta of -0.24. The firm has a 50-day moving average price of $5.36 and a 200-day moving average price of $4.52. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 0.10.

Stabilis Solutions (NASDAQ:SLNG) last issued its earnings results on Tuesday, August 11th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.17). The business had revenue of $11.92 million during the quarter, compared to analyst estimates of $10.84 million. Stabilis Solutions had a negative net margin of 14.06% and a negative return on equity of 12.33%.

Insiders Place Their Bets

In related news, Director Edward Kuntz purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were purchased at an average cost of $5.41 per share, with a total value of $27,050.00. Following the purchase, the director owned 74,839 shares of the company’s stock, valued at $404,878.99. This represents a 7.16% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 72.20% of the company’s stock.

Institutional Trading of Stabilis Solutions

A number of hedge funds have recently bought and sold shares of SLNG. Sequoia Financial Advisors LLC increased its holdings in shares of Stabilis Solutions by 11.5% in the second quarter. Sequoia Financial Advisors LLC now owns 19,464 shares of the company’s stock valued at $79,000 after purchasing an additional 2,000 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Stabilis Solutions during the second quarter worth $67,000. Bank of America Corp DE acquired a new position in Stabilis Solutions during the second quarter worth $558,000. Tieton Capital Management LLC purchased a new stake in Stabilis Solutions in the 2nd quarter valued at $950,000. Finally, BlackRock Inc. purchased a new stake in Stabilis Solutions in the 2nd quarter valued at $50,000. Institutional investors and hedge funds own 3.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Stabilis Solutions in a report on Tuesday, September 1st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Stabilis Solutions Company Profile

Stabilis Solutions, Inc provides liquefied natural gas (LNG) products and related energy services to commercial and industrial customers. The company produces LNG and supplies it as an alternative fuel for applications that require reliable, lower-emission energy, including marine transportation, heavy-duty and high-horsepower equipment, power generation, and industrial operations.

Stabilis supports customers through an integrated model that includes LNG production, storage, transportation, and fueling.