Stabilis Solutions, Inc. (NASDAQ:SLNG) Stock Short Interest Falls 39.0%

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 7,130 shares, a decrease of 39.0% from the September 30th total of 11,685 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 26,062 shares, the short-interest ratio is presently 0.3 days.

Stabilis Solutions Stock Performance

SLNG traded down $0.03 during midday trading on Monday, hitting $4.31. 11,984 shares of the company were exchanged, compared to its average volume of 36,681. The company’s 50 day simple moving average is $5.19 and its 200 day simple moving average is $4.66. The firm has a market capitalization of $80.17 million, a price-to-earnings ratio of -10.26 and a beta of -0.15. Stabilis Solutions has a 1-year low of $3.21 and a 1-year high of $7.07. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 0.10.

Stabilis Solutions (NASDAQ:SLNG) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.17). The firm had revenue of $11.92 million during the quarter, compared to analysts’ expectations of $10.84 million. Stabilis Solutions had a negative net margin of 14.06% and a negative return on equity of 12.33%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Stabilis Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Stabilis Solutions has an average rating of “Reduce”.

Insider Activity at Stabilis Solutions

In other news, Director Edward Kuntz bought 5,000 shares of Stabilis Solutions stock in a transaction on Wednesday, September 9th. The stock was acquired at an average cost of $5.41 per share, for a total transaction of $27,050.00. Following the completion of the acquisition, the director owned 74,839 shares of the company’s stock, valued at $404,878.99. This trade represents a 7.16% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 72.20% of the company’s stock.

Hedge Funds Weigh In On Stabilis Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Stabilis Solutions in the 2nd quarter worth $50,000. Susquehanna International Group LLP purchased a new stake in shares of Stabilis Solutions in the second quarter valued at about $67,000. Sequoia Financial Advisors LLC grew its holdings in shares of Stabilis Solutions by 11.5% in the second quarter. Sequoia Financial Advisors LLC now owns 19,464 shares of the company’s stock valued at $79,000 after purchasing an additional 2,000 shares during the period. Sei Investments Co. increased its position in Stabilis Solutions by 128.4% during the first quarter. Sei Investments Co. now owns 113,200 shares of the company’s stock worth $505,000 after purchasing an additional 63,644 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in Stabilis Solutions during the second quarter worth about $558,000. 3.81% of the stock is currently owned by institutional investors and hedge funds.

About Stabilis Solutions

Stabilis Solutions, Inc (NASDAQ: SLNG) is an energy company focused on the production, distribution and use of liquefied natural gas (LNG). The company supplies LNG as an alternative fuel for customers that require reliable energy while seeking to reduce their reliance on diesel, fuel oil and other conventional fuels.

Stabilis provides LNG through its production and distribution infrastructure, supported by transportation, storage and fueling capabilities. Its services are designed for a range of applications, including industrial operations, power generation, marine transportation and heavy-duty vehicle fleets.