Stabilis Solutions, Inc. (NASDAQ:SLNG) Sees Significant Increase in Short Interest

Stabilis Solutions, Inc. (NASDAQ:SLNG) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 5,053 shares, an increase of 324.3% from the January 15th total of 1,191 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 17,501 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 17,501 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Stabilis Solutions in a research note on Monday, December 29th. One research 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 stock currently has an average rating of “Hold” and a consensus price target of $10.00.

Stabilis Solutions Stock Up 0.4%

SLNG stock traded up $0.02 during midday trading on Thursday, hitting $5.47. The company’s stock had a trading volume of 658 shares, compared to its average volume of 10,982. The company’s fifty day moving average price is $4.88 and its 200 day moving average price is $4.63. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.42 and a quick ratio of 1.40. Stabilis Solutions has a twelve month low of $3.29 and a twelve month high of $8.08. The stock has a market capitalization of $101.72 million, a P/E ratio of 109.42 and a beta of -0.03.

Hedge Funds Weigh In On Stabilis Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in 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 acquiring an additional 2,207 shares in the last quarter. Citadel Advisors LLC increased its stake 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 worth $83,000 after purchasing an additional 5,238 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Stabilis Solutions by 22.9% in 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 during the period. Sequoia Financial Advisors LLC acquired a new stake in Stabilis Solutions in the 2nd quarter valued at about $83,000. Finally, Ancora Advisors LLC lifted its stake in 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 last quarter. 3.81% of the stock is owned by institutional investors.

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.