Stabilis Solutions, Inc. (NASDAQ:SLNG) Stock Short Interest Declines 39.0%

Stabilis Solutions, Inc. (NASDAQ:SLNG) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 7,130 shares, a drop of 39.0% from the September 30th total of 11,685 shares. Based on an average daily volume of 26,062 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Stabilis Solutions Stock Down 0.5%

SLNG stock opened at $4.34 on Friday. Stabilis Solutions has a 52-week low of $3.21 and a 52-week high of $7.07. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.59 and a quick ratio of 1.57. The stock has a market capitalization of $80.72 million, a price-to-earnings ratio of -10.33 and a beta of -0.24. The company has a 50-day moving average of $5.19 and a two-hundred day moving average of $4.66.

Stabilis Solutions (NASDAQ:SLNG) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.17). Stabilis Solutions had a negative net margin of 14.06% and a negative return on equity of 12.33%. The company had revenue of $11.92 million for the quarter, compared to analyst estimates of $10.84 million.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Stabilis Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Insider Activity at Stabilis Solutions

In other news, Director Edward Kuntz bought 5,000 shares of Stabilis Solutions stock in a transaction that occurred on Wednesday, September 9th. The shares were purchased at an average price of $5.41 per share, for a total transaction of $27,050.00. Following the completion of the acquisition, the director owned 74,839 shares of the company’s stock, valued at $404,878.99. The trade was a 7.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 72.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Stabilis Solutions

A number of institutional investors have recently bought and sold shares of the business. Tieton Capital Management LLC acquired a new stake in shares of Stabilis Solutions in the 2nd quarter valued at approximately $950,000. Bank of America Corp DE bought a new stake in shares of Stabilis Solutions during the 2nd quarter valued at about $558,000. Sei Investments Co. grew its position in Stabilis Solutions by 128.4% during the first quarter. Sei Investments Co. now owns 113,200 shares of the company’s stock valued at $505,000 after acquiring an additional 63,644 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Stabilis Solutions by 11.5% in the second quarter. Sequoia Financial Advisors LLC now owns 19,464 shares of the company’s stock worth $79,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in Stabilis Solutions in the second quarter worth about $67,000. Institutional investors own 3.81% of the company’s stock.

About Stabilis Solutions

Stabilis Solutions, Inc (NASDAQ: SLNG) is an energy company focused on the production, distribution and use of liquefied natural gas (LNG). The company supplies LNG as an alternative fuel for customers that require reliable energy while seeking to reduce their reliance on diesel, fuel oil and other conventional fuels.

Stabilis provides LNG through its production and distribution infrastructure, supported by transportation, storage and fueling capabilities. Its services are designed for a range of applications, including industrial operations, power generation, marine transportation and heavy-duty vehicle fleets.