Stabilis Solutions, Inc. (NASDAQ:SLNG) Short Interest Up 39.7% in March

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 19,050 shares, a growth of 39.7% from the February 26th total of 13,639 shares. Based on an average daily trading volume, of 45,578 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the shares of the company are sold short.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Maxim Group downgraded shares of Stabilis Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, March 4th. 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 Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $10.00.

Stabilis Solutions Stock Performance

Stabilis Solutions stock traded down $0.24 during mid-day trading on Monday, hitting $4.55. 25,809 shares of the company’s stock traded hands, compared to its average volume of 38,035. The company has a quick ratio of 1.26, a current ratio of 1.30 and a debt-to-equity ratio of 0.09. Stabilis Solutions has a one year low of $3.21 and a one year high of $6.36. The firm has a 50 day moving average price of $4.89 and a 200 day moving average price of $4.72. The company has a market cap of $84.61 million, a PE ratio of -64.99 and a beta of -0.13.

Stabilis Solutions (NASDAQ:SLNG) last issued its quarterly earnings results on Wednesday, March 4th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The business had revenue of $13.27 million for the quarter, compared to analyst estimates of $21.90 million. Stabilis Solutions had a negative net margin of 1.98% and a negative return on equity of 2.05%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased 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 valued at $81,000 after acquiring an additional 2,207 shares during the period. Russell Investments Group Ltd. boosted its stake in 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 purchasing an additional 10,643 shares in the last quarter. Ancora Advisors LLC boosted its stake in Stabilis Solutions by 32.3% during 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 in the last quarter. Finally, Citadel Advisors LLC increased 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 purchasing an additional 5,238 shares during the period. 3.81% of the stock is currently owned by institutional investors.

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.