Short Interest in Stabilis Solutions, Inc. (NASDAQ:SLNG) Decreases By 80.5%

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 2,200 shares, a decline of 80.5% from the February 13th total of 11,300 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 31,800 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Maxim Group assumed coverage on Stabilis Solutions in a research report on Monday, February 10th. They issued a “buy” rating and a $12.00 price objective on the stock.

Stabilis Solutions Stock Performance

Shares of NASDAQ:SLNG opened at $4.95 on Friday. The business’s 50-day simple moving average is $6.44 and its 200 day simple moving average is $5.34. The company has a market cap of $92.05 million, a P/E ratio of 23.57 and a beta of 0.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 1.24. Stabilis Solutions has a one year low of $3.77 and a one year high of $8.28.

Stabilis Solutions (NASDAQ:SLNG) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $17.30 million for the quarter. Stabilis Solutions had a net margin of 5.29% and a return on equity of 6.16%.

Hedge Funds Weigh In On Stabilis Solutions

Institutional investors have recently added to or reduced their stakes in the company. Tieton Capital Management LLC lifted its stake in shares of Stabilis Solutions by 25.7% in the fourth quarter. Tieton Capital Management LLC now owns 208,051 shares of the company’s stock worth $1,113,000 after acquiring an additional 42,475 shares in the last quarter. Northern Trust Corp increased its holdings in Stabilis Solutions by 82.9% during the 4th quarter. Northern Trust Corp now owns 39,879 shares of the company’s stock worth $213,000 after purchasing an additional 18,077 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Stabilis Solutions by 12.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 14,310 shares of the company’s stock valued at $77,000 after purchasing an additional 1,531 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Stabilis Solutions in the 4th quarter valued at approximately $56,000. Finally, Ancora Advisors LLC purchased a new position in shares of Stabilis Solutions during the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 3.81% of the company’s stock.

Stabilis Solutions Company Profile

Stabilis Solutions, Inc, together with its subsidiaries, an energy transition company, provides clean 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.