Golar LNG Limited (NASDAQ:GLNG) Short Interest Down 7.5% in January

Golar LNG Limited (NASDAQ:GLNG) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 3,950,000 shares, a decline of 7.5% from the January 15th total of 4,270,000 shares. Based on an average daily volume of 1,310,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 4.2% of the company’s shares are sold short.

Golar LNG Trading Up 0.3 %

NASDAQ:GLNG traded up $0.11 during midday trading on Tuesday, reaching $40.81. The company had a trading volume of 566,145 shares, compared to its average volume of 1,052,840. Golar LNG has a 12-month low of $19.94 and a 12-month high of $44.36. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 291.52 and a beta of 0.55. The stock’s fifty day simple moving average is $41.68 and its 200-day simple moving average is $37.81.

Institutional Investors Weigh In On Golar LNG

A number of hedge funds have recently bought and sold shares of GLNG. Public Employees Retirement System of Ohio purchased a new stake in shares of Golar LNG during the third quarter worth approximately $32,000. Blue Trust Inc. grew its holdings in Golar LNG by 105.1% during the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock worth $50,000 after acquiring an additional 703 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Golar LNG in the 4th quarter valued at approximately $61,000. CWM LLC raised its holdings in shares of Golar LNG by 830.9% in the 3rd quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock valued at $61,000 after purchasing an additional 1,479 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Golar LNG during the 4th quarter worth $107,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on GLNG shares. Fearnley Fonds lowered Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Stifel Nicolaus raised their target price on Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. Finally, StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.13.

About Golar LNG

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.