Cool Company Ltd. (NYSE:CLCO - Get Free Report) was the recipient of a large 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. Currently, 0.5% of the company's shares are sold short. Based on an average trading volume of 176,100 shares, the days-to-cover ratio is currently 0.6 days.
Institutional Investors Weigh In On Cool
A number of hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its holdings in shares of Cool by 3.9% in the 4th quarter. Barclays PLC now owns 50,708 shares of the company's stock worth $403,000 after acquiring an additional 1,917 shares during the last quarter. ABC Arbitrage SA bought a new stake in shares of Cool in the 1st quarter worth approximately $82,000. XTX Topco Ltd bought a new stake in shares of Cool in the 4th quarter worth approximately $94,000. Finally, Quantbot Technologies LP bought a new stake in shares of Cool in the 4th quarter worth approximately $53,000. 20.66% of the stock is currently owned by institutional investors.
Cool Trading Down 1.0%
Shares of CLCO traded down $0.07 during mid-day trading on Friday, reaching $7.01. The company's stock had a trading volume of 118,708 shares, compared to its average volume of 229,130. The stock has a market cap of $376.28 million, a PE ratio of 10.30 and a beta of 0.50. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 1.75. Cool has a 52 week low of $4.51 and a 52 week high of $12.45. The company's fifty day moving average price is $6.29 and its two-hundred day moving average price is $6.75.
About Cool
(
Get Free Report)
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.
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