Stabilis Solutions, Inc. (NASDAQ:SLNG) Short Interest Up 313.1% in February

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 13,639 shares, a growth of 313.1% from the February 12th total of 3,302 shares. Based on an average trading volume of 25,122 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 25,122 shares, the short-interest ratio is presently 0.5 days.

Stabilis Solutions Stock Performance

SLNG opened at $3.59 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.26 and a current ratio of 1.30. Stabilis Solutions has a 52-week low of $3.29 and a 52-week high of $6.36. The firm has a market cap of $66.76 million, a P/E ratio of -51.28 and a beta of -0.13. The business’s fifty day moving average is $5.01 and its 200-day moving average is $4.71.

Stabilis Solutions (NASDAQ:SLNG) last posted its quarterly earnings results on Wednesday, March 4th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Stabilis Solutions had a negative net margin of 1.98% and a negative return on equity of 2.05%. The company had revenue of $13.27 million during the quarter, compared to analyst estimates of $21.90 million.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Stabilis Solutions in a research note on Monday, December 29th. Maxim Group lowered shares of Stabilis Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $10.00.

Hedge Funds Weigh In On Stabilis Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ancora Advisors LLC lifted its holdings in shares of Stabilis Solutions by 32.3% during the 3rd quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock worth $370,000 after acquiring an additional 20,718 shares during the period. Russell Investments Group Ltd. increased its stake in Stabilis Solutions by 30.2% in the fourth quarter. Russell Investments Group Ltd. now owns 74,247 shares of the company’s stock valued at $338,000 after acquiring an additional 17,213 shares during the last quarter. Citadel Advisors LLC raised its position in Stabilis Solutions by 37.7% during the third quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock valued at $83,000 after purchasing an additional 5,238 shares in the last quarter. Finally, 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 valued at $81,000 after purchasing an additional 2,207 shares in the last quarter. 3.81% of the stock is currently owned by institutional investors and hedge funds.

Stabilis Solutions Company Profile

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.