Short Interest in Stabilis Solutions, Inc. (NASDAQ:SLNG) Drops By 50.8%

Stabilis Solutions, Inc. (NASDAQ:SLNG) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 17,841 shares, a decrease of 50.8% from the June 15th total of 36,245 shares. Based on an average trading volume of 42,199 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Stabilis Solutions in a research report on Thursday, June 4th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Stabilis Solutions presently has a consensus rating of “Reduce” and an average price target of $10.00.

Stabilis Solutions Stock Down 1.8%

Shares of NASDAQ:SLNG opened at $3.80 on Friday. The company has a fifty day moving average of $4.17 and a 200-day moving average of $4.40. The company has a market capitalization of $70.68 million, a PE ratio of -19.00 and a beta of -0.32. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.93. Stabilis Solutions has a 52-week low of $3.21 and a 52-week high of $6.36.

Stabilis Solutions (NASDAQ:SLNG) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.18). The firm had revenue of $10.38 million during the quarter, compared to the consensus estimate of $12.34 million. Stabilis Solutions had a negative net margin of 6.25% and a negative return on equity of 5.85%.

Insider Buying and Selling at Stabilis Solutions

In other news, Director Edward L. Kuntz purchased 7,500 shares of Stabilis Solutions stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $3.89 per share, for a total transaction of $29,175.00. Following the transaction, the director owned 69,839 shares of the company’s stock, valued at approximately $271,673.71. The trade was a 12.03% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders have purchased 9,667 shares of company stock worth $37,136. Corporate insiders own 72.20% of the company’s stock.

Institutional Trading of Stabilis Solutions

A number of hedge funds have recently made changes to their positions in SLNG. Dimensional Fund Advisors LP grew its holdings in shares of Stabilis Solutions by 13.5% during the third quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock worth $81,000 after purchasing an additional 2,207 shares during the last quarter. Citadel Advisors LLC raised its holdings in Stabilis Solutions by 37.7% in the 3rd quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock valued at $83,000 after buying an additional 5,238 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Stabilis Solutions by 22.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 57,034 shares of the company’s stock valued at $249,000 after buying an additional 10,643 shares during the last quarter. Ancora Advisors LLC boosted its position in Stabilis Solutions by 32.3% during 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 period. Finally, Sei Investments Co. boosted its position in Stabilis Solutions by 128.4% during the 1st quarter. Sei Investments Co. now owns 113,200 shares of the company’s stock worth $505,000 after buying an additional 63,644 shares during the period. 3.81% of the stock is owned by institutional investors and hedge funds.

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.