Short Interest in Stabilis Solutions, Inc. (NASDAQ:SLNG) Rises By 123.2%

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 36,245 shares, an increase of 123.2% from the May 31st total of 16,236 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 87,173 shares, the short-interest ratio is presently 0.4 days.

Insiders Place Their Bets

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 stock was acquired at an average cost of $3.89 per share, for a total transaction of $29,175.00. Following the purchase, the director directly owned 69,839 shares of the company’s stock, valued at $271,673.71. This trade represents a 12.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders purchased 9,667 shares of company stock worth $37,136. Company insiders own 72.20% of the company’s stock.

Hedge Funds Weigh In On Stabilis Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in SLNG. Dimensional Fund Advisors LP boosted its position in Stabilis Solutions by 13.5% in the third quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock valued at $81,000 after buying an additional 2,207 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings 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 in the last quarter. Ancora Advisors LLC boosted its holdings in shares of 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 acquiring an additional 20,718 shares in the last quarter. Citadel Advisors LLC grew its position in Stabilis Solutions by 37.7% during the 3rd quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock worth $83,000 after acquiring an additional 5,238 shares during the last quarter. Finally, Sei Investments Co. grew 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 acquiring an additional 63,644 shares during the last quarter. Institutional investors own 3.81% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SLNG. Maxim Group cut shares of Stabilis Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Weiss Ratings reaffirmed 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $10.00.

Stabilis Solutions Price Performance

Shares of SLNG stock traded down $0.03 on Wednesday, hitting $4.02. 6,439 shares of the company’s stock were exchanged, compared to its average volume of 39,131. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.93 and a quick ratio of 0.92. Stabilis Solutions has a 12 month low of $3.21 and a 12 month high of $6.36. The stock has a market cap of $74.77 million, a P/E ratio of -20.10 and a beta of -0.27. The company has a 50 day moving average of $4.15 and a 200 day moving average of $4.47.

Stabilis Solutions (NASDAQ:SLNG) last released its earnings results on Wednesday, May 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.18). The business 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%.

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.