Stabilis Solutions, Inc. (NASDAQ:SLNG) Short Interest Up 1,872.7% in March

Stabilis Solutions, Inc. (NASDAQ:SLNG) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 43,400 shares, an increase of 1,872.7% from the February 28th total of 2,200 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average trading volume of 32,800 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of Stabilis Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Tieton Capital Management LLC boosted its stake in Stabilis Solutions by 25.7% during the 4th 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 raised its position in Stabilis Solutions by 82.9% in the fourth quarter. Northern Trust Corp now owns 39,879 shares of the company’s stock worth $213,000 after acquiring an additional 18,077 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Stabilis Solutions by 12.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 14,310 shares of the company’s stock worth $77,000 after acquiring an additional 1,531 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Stabilis Solutions during the fourth quarter valued at $56,000. Finally, Ancora Advisors LLC bought a new position in shares of Stabilis Solutions during the 4th quarter valued at approximately $36,000. 3.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Maxim Group initiated coverage on shares of Stabilis Solutions in a research note on Monday, February 10th. They set a “buy” rating and a $12.00 price objective on the stock.

Stabilis Solutions Stock Performance

Stabilis Solutions stock opened at $5.07 on Friday. Stabilis Solutions has a twelve month low of $3.77 and a twelve month high of $8.28. The company has a quick ratio of 1.22, a current ratio of 1.24 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $94.28 million, a P/E ratio of 24.14 and a beta of 0.93. The stock’s 50 day moving average is $6.23 and its 200 day moving average is $5.42.

Stabilis Solutions (NASDAQ:SLNG) last released its earnings results on Tuesday, February 25th. The company reported $0.11 EPS for the quarter. The firm had revenue of $17.30 million for 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.