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

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 18,100 shares, a decline of 18.5% from the January 15th total of 22,200 shares. Based on an average trading volume of 18,700 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Investors Weigh In On Stabilis Solutions

Several institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp raised its position in shares of Stabilis Solutions by 82.9% in the 4th quarter. Northern Trust Corp now owns 39,879 shares of the company’s stock valued at $213,000 after purchasing an additional 18,077 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Stabilis Solutions by 12.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,310 shares of the company’s stock worth $77,000 after buying an additional 1,531 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Stabilis Solutions during the fourth quarter worth $56,000. Finally, Tieton Capital Management LLC grew 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 buying an additional 42,475 shares during the last quarter. Institutional investors and hedge funds own 3.81% of the company’s stock.

Stabilis Solutions Stock Up 1.8 %

Stabilis Solutions stock opened at $7.74 on Friday. Stabilis Solutions has a 1-year low of $3.77 and a 1-year high of $8.28. The business has a fifty day moving average price of $6.32 and a 200-day moving average price of $5.11. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.24 and a quick ratio of 1.22. The stock has a market capitalization of $143.81 million, a price-to-earnings ratio of 36.86 and a beta of 0.84.

Analysts Set New Price Targets

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

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.