Cool Company Ltd. (NYSE:CLCO) Short Interest Update

Cool Company Ltd. (NYSE:CLCO) saw a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 105,300 shares, a decline of 26.6% from the May 15th total of 143,500 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 176,100 shares, the short-interest ratio is presently 0.6 days.

Cool Stock Down 1.8%

NYSE CLCO opened at $7.04 on Wednesday. The stock’s 50 day simple moving average is $6.18 and its 200 day simple moving average is $6.77. Cool has a one year low of $4.51 and a one year high of $12.45. The firm has a market cap of $378.05 million, a PE ratio of 10.35 and a beta of 0.50. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.97 and a quick ratio of 0.94.

Institutional Trading of Cool

A number of hedge funds and other institutional investors have recently made changes to their positions in CLCO. ABC Arbitrage SA bought a new position in Cool during the 1st quarter worth approximately $82,000. XTX Topco Ltd bought a new position in shares of Cool during the fourth quarter worth $94,000. Barclays PLC increased its position in shares of Cool by 3.9% in the 4th quarter. Barclays PLC now owns 50,708 shares of the company’s stock valued at $403,000 after buying an additional 1,917 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Cool during the 4th quarter worth $53,000. 20.66% of the stock is currently owned by institutional investors and hedge funds.

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.