Stabilis Solutions, Inc. (NASDAQ:SLNG) Short Interest Update

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 2,200 shares, a drop of 80.5% from the February 13th total of 11,300 shares. Based on an average trading volume of 31,800 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Stabilis Solutions

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position 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 purchasing an additional 1,531 shares during the last quarter. Ancora Advisors LLC purchased a new stake in shares of Stabilis Solutions during the 4th quarter worth about $36,000. Renaissance Technologies LLC acquired a new stake in shares of Stabilis Solutions during the 4th quarter valued at about $56,000. Northern Trust Corp grew its stake 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 buying an additional 18,077 shares in the last quarter. Finally, Tieton Capital Management LLC grew its stake in shares of Stabilis Solutions by 25.7% in the 4th 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 in the last quarter. 3.81% of the stock is owned by institutional investors and hedge funds.

Stabilis Solutions Trading Down 0.4 %

SLNG stock traded down $0.02 during mid-day trading on Wednesday, reaching $4.64. 79,927 shares of the stock traded hands, compared to its average volume of 13,146. Stabilis Solutions has a 52-week low of $3.77 and a 52-week high of $8.28. The stock’s fifty day moving average is $6.47 and its 200-day moving average is $5.35. The company has a market cap of $86.29 million, a P/E ratio of 22.10 and a beta of 0.93. The company has a current ratio of 1.24, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11.

Stabilis Solutions (NASDAQ:SLNG) last released its earnings results on Tuesday, February 25th. The company reported $0.11 earnings per share (EPS) for the quarter. The company 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%.

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.