Stabilis Solutions, Inc. (NASDAQ:SLNG) Sees Large Increase in Short Interest

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 43,400 shares, a growth of 1,872.7% from the February 28th total of 2,200 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily volume of 32,800 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analyst Weigh In

Separately, Maxim Group started coverage on Stabilis Solutions in a research note on Monday, February 10th. They set a “buy” rating and a $12.00 price target for the company.

Stabilis Solutions Price Performance

SLNG stock traded down $0.01 during midday trading on Wednesday, reaching $5.07. The company had a trading volume of 6,073 shares, compared to its average volume of 13,397. Stabilis Solutions has a 1 year low of $3.77 and a 1 year high of $8.28. The company has a market capitalization of $94.28 million, a P/E ratio of 24.14 and a beta of 0.93. The firm has a 50-day moving average price of $6.27 and a 200-day moving average price of $5.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.24 and a quick ratio of 1.22.

Stabilis Solutions (NASDAQ:SLNG) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.11 earnings per share for the quarter. The firm had revenue of $17.30 million during the quarter. Stabilis Solutions had a return on equity of 6.16% and a net margin of 5.29%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Tieton Capital Management LLC raised its holdings in shares of Stabilis Solutions by 25.7% during the fourth quarter. Tieton Capital Management LLC now owns 208,051 shares of the company’s stock valued at $1,113,000 after purchasing an additional 42,475 shares during the last quarter. Northern Trust Corp lifted its holdings in Stabilis Solutions by 82.9% in the 4th quarter. Northern Trust Corp now owns 39,879 shares of the company’s stock worth $213,000 after purchasing an additional 18,077 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Stabilis Solutions by 12.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,310 shares of the company’s stock valued at $77,000 after acquiring an additional 1,531 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Stabilis Solutions in the fourth quarter worth about $56,000. Finally, Ancora Advisors LLC bought a new position in shares of Stabilis Solutions during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 3.81% of the company’s stock.

About Stabilis Solutions

Stabilis Solutions, Inc, together with its subsidiaries, an energy transition company, provides clean energy production, storage, transportation, and fueling solutions primarily using liquefied natural gas (LNG) to various end markets in North America. The company offers LNG solutions to customers in aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets.