Short Interest in Cool Company Ltd. (NYSE:CLCO) Declines By 73.8%

Cool Company Ltd. (NYSE:CLCO) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 55,800 shares, a decrease of 73.8% from the September 15th total of 213,300 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 156,100 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 156,100 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are sold short.

Cool Stock Down 0.2%

NYSE CLCO opened at $9.67 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 1.68. Cool has a fifty-two week low of $4.51 and a fifty-two week high of $11.54. The business has a 50 day moving average price of $8.37 and a two-hundred day moving average price of $7.11. The stock has a market cap of $519.01 million, a PE ratio of 14.21 and a beta of 0.70.

Institutional Investors Weigh In On Cool

A hedge fund recently bought a new stake in Cool stock. ABC Arbitrage SA acquired a new stake in Cool Company Ltd. (NYSE:CLCO) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,084 shares of the company’s stock, valued at approximately $82,000. Institutional investors own 20.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen lowered Cool from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cool in a research report on Wednesday, October 8th. Finally, B. Riley downgraded shares of Cool from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 24th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.