Short Interest in Stabilis Solutions, Inc. (NASDAQ:SLNG) Drops By 41.7%

Stabilis Solutions, Inc. (NASDAQ:SLNG) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 1,521 shares, a decline of 41.7% from the December 15th total of 2,610 shares. Based on an average daily volume of 7,227 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 7,227 shares, the days-to-cover ratio is currently 0.2 days.

Stabilis Solutions Stock Up 8.8%

Shares of SLNG opened at $4.69 on Thursday. Stabilis Solutions has a 1 year low of $3.29 and a 1 year high of $8.28. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.42 and a quick ratio of 1.40. The stock has a 50 day simple moving average of $4.67 and a two-hundred day simple moving average of $4.58. The firm has a market cap of $87.22 million, a P/E ratio of 93.82 and a beta of -0.04.

Stabilis Solutions (NASDAQ:SLNG) last announced 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 net margin of 1.40% and a return on equity of 1.53%. The firm had revenue of $20.33 million during the quarter, compared to analyst estimates of $17.30 million.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Stabilis Solutions in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC grew its position in shares of Stabilis Solutions by 32.3% in the 3rd 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 last quarter. Russell Investments Group Ltd. lifted its stake in Stabilis Solutions by 22.9% in the third quarter. Russell Investments Group Ltd. now owns 57,034 shares of the company’s stock worth $249,000 after acquiring an additional 10,643 shares during the period. Citadel Advisors LLC boosted its holdings in Stabilis Solutions by 37.7% in the third quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock valued at $83,000 after acquiring an additional 5,238 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Stabilis Solutions by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock valued at $81,000 after purchasing an additional 2,207 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in Stabilis Solutions in the 2nd quarter worth $83,000. 3.81% of the stock is owned by institutional investors.

About Stabilis Solutions

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.