Short Interest in Stabilis Solutions, Inc. (NASDAQ:SLNG) Drops By 86.4%

Stabilis Solutions, Inc. (NASDAQ:SLNGGet Free Report) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 3,000 shares, a drop of 86.4% from the January 31st total of 22,000 shares. Based on an average daily trading volume, of 4,100 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Group AG bought a new position in shares of Stabilis Solutions during the 3rd quarter worth approximately $34,000. Tower Research Capital LLC TRC boosted its stake in shares of Stabilis Solutions by 337.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 6,910 shares of the company’s stock worth $25,000 after acquiring an additional 5,330 shares during the period. Victory Capital Management Inc. acquired a new stake in Stabilis Solutions during the 4th quarter worth approximately $93,000. Renaissance Technologies LLC acquired a new stake in Stabilis Solutions during the 4th quarter worth approximately $130,000. Finally, Northern Trust Corp acquired a new stake in Stabilis Solutions during the 4th quarter worth approximately $114,000. 3.65% of the stock is currently owned by institutional investors.

Stabilis Solutions Price Performance

Shares of NASDAQ SLNG remained flat at $3.98 during midday trading on Wednesday. The stock had a trading volume of 11,396 shares, compared to its average volume of 4,882. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.14. Stabilis Solutions has a one year low of $3.00 and a one year high of $6.40. The business has a 50 day moving average of $4.28 and a 200 day moving average of $4.41. The company has a market capitalization of $73.91 million, a price-to-earnings ratio of -44.22 and a beta of 0.80.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded Stabilis Solutions from a “d+” rating to a “c-” rating in a research note on Friday, February 2nd.

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Stabilis Solutions Company Profile

(Get Free Report)

Stabilis Solutions, Inc, together with its subsidiaries, an energy transition company, provides energy production, storage, transportation, and fueling solutions primarily using liquefied natural gas (LNG) to various end markets in North America. The company offers LNG solutions to customers in aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets.

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