Golar LNG Limited (NASDAQ:GLNG) Short Interest Update

Golar LNG Limited (NASDAQ:GLNG) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 3,950,000 shares, a decrease of 7.5% from the January 15th total of 4,270,000 shares. Currently, 4.2% of the shares of the stock are short sold. Based on an average daily volume of 1,310,000 shares, the days-to-cover ratio is currently 3.0 days.

Analyst Ratings Changes

GLNG has been the topic of several recent analyst reports. Fearnley Fonds downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Stifel Nicolaus raised their price target on Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. Finally, StockNews.com raised Golar LNG to a “sell” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Golar LNG currently has an average rating of “Moderate Buy” and a consensus target price of $50.13.

Golar LNG Stock Performance

Shares of NASDAQ GLNG opened at $40.81 on Wednesday. The firm’s fifty day moving average is $41.68 and its two-hundred day moving average is $37.81. Golar LNG has a 52-week low of $19.94 and a 52-week high of $44.36. The company has a market cap of $4.26 billion, a P/E ratio of 291.52 and a beta of 0.55.

Institutional Investors Weigh In On Golar LNG

Large investors have recently made changes to their positions in the company. Naria Inc. purchased a new position in Golar LNG during the 4th quarter valued at approximately $435,226,000. Millennium Management LLC boosted its position in shares of Golar LNG by 49.2% during the 4th quarter. Millennium Management LLC now owns 4,638,045 shares of the shipping company’s stock valued at $196,282,000 after acquiring an additional 1,529,884 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Golar LNG by 467.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company’s stock valued at $82,232,000 after purchasing an additional 1,843,100 shares in the last quarter. State Street Corp increased its position in Golar LNG by 5.2% in the third quarter. State Street Corp now owns 1,920,590 shares of the shipping company’s stock worth $70,601,000 after purchasing an additional 94,336 shares during the last quarter. Finally, Encompass Capital Advisors LLC purchased a new stake in Golar LNG during the fourth quarter valued at $55,413,000. 92.21% of the stock is owned by institutional investors.

Golar LNG Company Profile

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.