Cool Company Ltd. (NYSE:CLCO) Short Interest Down 21.0% in February

Cool Company Ltd. (NYSE:CLCO) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 472,500 shares, a decline of 21.0% from the February 13th total of 598,000 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 246,500 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Trading of Cool

Hedge funds have recently modified their holdings of the company. Mirabella Financial Services LLP grew its stake in Cool by 6,596.0% during the 3rd quarter. Mirabella Financial Services LLP now owns 4,017,612 shares of the company’s stock worth $45,274,000 after buying an additional 3,957,612 shares during the last quarter. Barclays PLC boosted its holdings in Cool by 2,551.7% in the third quarter. Barclays PLC now owns 48,791 shares of the company’s stock valued at $551,000 after purchasing an additional 46,951 shares during the last quarter. XTX Topco Ltd acquired a new stake in Cool during the 4th quarter worth about $94,000. Quadrature Capital Ltd acquired a new position in shares of Cool in the 3rd quarter valued at about $124,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Cool in the third quarter worth about $124,000. 20.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Fearnley Fonds lowered Cool from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 17th.

Cool Trading Up 2.3 %

NYSE CLCO traded up $0.13 during trading on Wednesday, hitting $5.73. The stock had a trading volume of 58,680 shares, compared to its average volume of 247,538. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.44. The stock has a market capitalization of $307.72 million, a price-to-earnings ratio of 8.43 and a beta of 0.64. The stock has a 50 day simple moving average of $7.38 and a 200 day simple moving average of $8.97. Cool has a one year low of $4.94 and a one year high of $13.68.

About Cool

Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties.