Stabilis Solutions, Inc. (NASDAQ:SLNG) Sees Large Decrease in Short Interest

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 1,521 shares, a drop of 41.7% from the December 15th total of 2,610 shares. Based on an average daily volume of 7,227 shares, the short-interest 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 short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

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

Stabilis Solutions Stock Performance

SLNG stock opened at $4.51 on Friday. The company has a 50 day moving average price of $4.66 and a 200 day moving average price of $4.58. Stabilis Solutions has a fifty-two week low of $3.29 and a fifty-two week 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 market capitalization of $83.89 million, a PE ratio of 90.22 and a beta of -0.04.

Stabilis Solutions (NASDAQ:SLNG) last released its earnings results on Wednesday, November 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. The company had revenue of $20.33 million during the quarter, compared to analysts’ expectations of $17.30 million. Stabilis Solutions had a return on equity of 1.53% and a net margin of 1.40%.

Institutional Investors Weigh In On Stabilis Solutions

Several institutional investors have recently modified their holdings of SLNG. Dimensional Fund Advisors LP raised its stake 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 buying an additional 2,207 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Stabilis Solutions during the 2nd quarter worth $83,000. Citadel Advisors LLC raised its position in shares of Stabilis Solutions by 37.7% during the 3rd 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 during the last quarter. Russell Investments Group Ltd. raised its position in shares of Stabilis Solutions by 22.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 57,034 shares of the company’s stock valued at $249,000 after acquiring an additional 10,643 shares during the last quarter. Finally, Ancora Advisors LLC lifted its stake 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 valued at $370,000 after purchasing an additional 20,718 shares during the period. Institutional investors and hedge funds own 3.81% of the company’s stock.

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.