Short Interest in Stabilis Solutions, Inc. (NASDAQ:SLNG) Declines By 50.8%

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 17,841 shares, a decrease of 50.8% from the June 15th total of 36,245 shares. Based on an average trading volume of 42,199 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the shares of the stock are sold short.

Stabilis Solutions Price Performance

Shares of NASDAQ:SLNG traded up $0.13 during trading on Wednesday, hitting $3.91. 4,588 shares of the stock were exchanged, compared to its average volume of 37,387. The company has a market cap of $72.80 million, a PE ratio of -19.57 and a beta of -0.32. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average price of $4.19 and a two-hundred day moving average price of $4.41. Stabilis Solutions has a 12-month low of $3.21 and a 12-month high of $6.36.

Stabilis Solutions (NASDAQ:SLNG) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.18). The firm had revenue of $10.38 million during the quarter, compared to analysts’ expectations of $12.34 million. Stabilis Solutions had a negative net margin of 6.25% and a negative return on equity of 5.85%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Stabilis Solutions in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Stabilis Solutions presently has a consensus rating of “Reduce” and an average target price of $10.00.

Insider Transactions at Stabilis Solutions

In other Stabilis Solutions news, Director Edward L. Kuntz acquired 7,500 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $3.89 per share, for a total transaction of $29,175.00. Following the completion of the transaction, the director owned 69,839 shares of the company’s stock, valued at $271,673.71. The trade was a 12.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 9,667 shares of company stock valued at $37,136 in the last three months. Corporate insiders own 72.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Sei Investments Co. increased its holdings in Stabilis Solutions by 128.4% during the 1st quarter. Sei Investments Co. now owns 113,200 shares of the company’s stock valued at $505,000 after acquiring an additional 63,644 shares in the last quarter. Ancora Advisors LLC grew its position in shares of Stabilis Solutions by 32.3% in the third quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock valued at $370,000 after purchasing an additional 20,718 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Stabilis Solutions by 30.2% in the fourth quarter. Russell Investments Group Ltd. now owns 74,247 shares of the company’s stock valued at $338,000 after purchasing an additional 17,213 shares during the last quarter. Citadel Advisors LLC increased its stake in shares of Stabilis Solutions by 37.7% during the 3rd quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock worth $83,000 after purchasing an additional 5,238 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Stabilis Solutions by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock worth $81,000 after purchasing an additional 2,207 shares in the last quarter. Hedge funds and other institutional investors own 3.81% of the company’s stock.

Stabilis Solutions Company Profile

Stabilis Solutions (NASDAQ: SLNG) is a U.S.-based marketer and distributor of cryogenic liquid products and liquefied natural gas (LNG). The company operates a nationwide network of terminals and bulk delivery assets, supplying industrial gases such as liquid oxygen, nitrogen and argon, as well as specialty products including carbon dioxide and hydrogen. Stabilis Solutions serves a broad array of end markets—from food and beverage processing to environmental applications and power generation—by ensuring a reliable chain of custody from production to point of use.

In addition to its cryogenic gas portfolio, Stabilis Solutions has developed a growing LNG business, providing clean-fuel solutions for heavy-duty transportation and on-site energy needs.