Cool Company Ltd. (NYSE:CLCO) Short Interest Update

Cool Company Ltd. (NYSE:CLCO) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 316,000 shares, a decrease of 33.1% from the February 28th total of 472,500 shares. Based on an average daily trading volume, of 234,500 shares, the short-interest ratio is currently 1.3 days. Currently, 1.4% of the shares of the stock are sold short.

Cool Stock Up 0.6 %

Shares of Cool stock traded up $0.04 during midday trading on Friday, reaching $5.50. 90,070 shares of the company’s stock traded hands, compared to its average volume of 251,599. The company has a market cap of $295.10 million, a price-to-earnings ratio of 8.08 and a beta of 0.64. Cool has a 52 week low of $4.94 and a 52 week high of $13.68. The company’s 50 day simple moving average is $6.90 and its 200 day simple moving average is $8.64. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.44.

Analysts Set New Price Targets

Separately, Fearnley Fonds lowered shares of Cool from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 17th.

Institutional Investors Weigh In On Cool

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in Cool in the 4th quarter worth $53,000. XTX Topco Ltd acquired a new stake in shares of Cool during the 4th quarter valued at about $94,000. Public Employees Retirement System of Ohio acquired a new position in Cool in the third quarter worth about $124,000. Quadrature Capital Ltd acquired a new position in shares of Cool in the 3rd quarter worth approximately $124,000. Finally, Barclays PLC increased its stake in shares of Cool by 3.9% in the fourth quarter. Barclays PLC now owns 50,708 shares of the company’s stock valued at $403,000 after buying an additional 1,917 shares in the last quarter. 20.66% of the stock is owned by institutional investors and hedge funds.

About Cool

Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties.