Stabilis Solutions, Inc. (NASDAQ:SLNG) Short Interest Down 50.8% in June

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 17,841 shares, a decline of 50.8% from the June 15th total of 36,245 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 42,199 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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’s stock. Based on data from MarketBeat, Stabilis Solutions presently has a consensus rating of “Reduce” and an average price target of $10.00.

Stabilis Solutions Price Performance

SLNG stock traded down $0.07 during trading on Thursday, reaching $3.80. 5,317 shares of the company were exchanged, compared to its average volume of 37,151. The company has a market capitalization of $70.66 million, a price-to-earnings ratio of -19.00 and a beta of -0.32. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.93 and a quick ratio of 0.92. The company has a 50-day moving average of $4.18 and a two-hundred day moving average of $4.40. Stabilis Solutions has a twelve month low of $3.21 and a twelve month high of $6.36.

Stabilis Solutions (NASDAQ:SLNG) last issued its earnings results on Wednesday, May 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.18). The company had revenue of $10.38 million during the quarter, compared to analyst estimates of $12.34 million. Stabilis Solutions had a negative net margin of 6.25% and a negative return on equity of 5.85%.

Insiders Place Their Bets

In other news, Director Edward L. Kuntz acquired 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of $3.89 per share, with a total value of $29,175.00. Following the completion of the transaction, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 9,667 shares of company stock worth $37,136 over the last three months. Corporate insiders own 72.20% of the company’s stock.

Institutional Investors Weigh In On Stabilis Solutions

Hedge funds have recently modified their holdings of the company. Sei Investments Co. raised its position in Stabilis Solutions by 128.4% in the first quarter. Sei Investments Co. now owns 113,200 shares of the company’s stock valued at $505,000 after purchasing an additional 63,644 shares during the last quarter. Ancora Advisors LLC boosted its stake in shares of Stabilis Solutions by 32.3% during the third 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. Russell Investments Group Ltd. grew its holdings in shares of Stabilis Solutions by 30.2% during the fourth quarter. Russell Investments Group Ltd. now owns 74,247 shares of the company’s stock worth $338,000 after purchasing an additional 17,213 shares during the last quarter. Citadel Advisors LLC grew its holdings in shares of Stabilis Solutions by 37.7% during the third 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. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 during the period. Institutional investors and hedge funds own 3.81% of the company’s stock.

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.