Short Interest in Golar LNG Limited (NASDAQ:GLNG) Drops By 7.5%

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 company’s shares are sold short. Based on an average daily volume of 1,310,000 shares, the short-interest ratio is presently 3.0 days.

Golar LNG Stock Performance

GLNG opened at $40.81 on Wednesday. Golar LNG has a one year low of $19.94 and a one year high of $44.36. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 291.52 and a beta of 0.55. The stock’s 50 day moving average price is $41.68 and its 200-day moving average price is $37.81.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GLNG shares. StockNews.com upgraded Golar LNG to a “sell” rating in a report on Monday, December 9th. Stifel Nicolaus lifted their price objective on shares of Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. Finally, Fearnley Fonds cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.13.

Hedge Funds Weigh In On Golar LNG

Several hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Golar LNG during the third quarter valued at $32,000. Blue Trust Inc. lifted its holdings in Golar LNG by 105.1% during the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock valued at $50,000 after buying an additional 703 shares in the last quarter. USA Financial Formulas purchased a new stake in Golar LNG in the 4th quarter valued at about $61,000. CWM LLC grew its stake in Golar LNG by 830.9% in the 3rd quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock worth $61,000 after acquiring an additional 1,479 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Golar LNG during the fourth quarter worth approximately $107,000. Institutional investors own 92.21% of the company’s stock.

About Golar LNG

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.