Cool Company Ltd. (NYSE:CLCO) Sees Large Drop in Short Interest

Cool Company Ltd. (NYSE:CLCO - Get Free Report) was the recipient of a significant decline in short interest in 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. Based on an average daily volume of 176,100 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.5% of the company's stock are sold short.

Hedge Funds Weigh In On Cool

A number of institutional investors have recently modified their holdings of CLCO. Quantbot Technologies LP acquired a new position in shares of Cool during the 4th quarter worth about $53,000. ABC Arbitrage SA bought a new position in Cool in the 1st quarter worth approximately $82,000. XTX Topco Ltd acquired a new position in shares of Cool during the fourth quarter worth approximately $94,000. Finally, Barclays PLC boosted its position in shares of Cool by 3.9% in the fourth quarter. Barclays PLC now owns 50,708 shares of the company's stock valued at $403,000 after acquiring an additional 1,917 shares during the period. Institutional investors own 20.66% of the company's stock.

Cool Trading Down 1.8%

Shares of NYSE:CLCO opened at $7.04 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $378.05 million, a PE ratio of 10.35 and a beta of 0.50. Cool has a 1 year low of $4.51 and a 1 year high of $12.45. The firm has a fifty day moving average price of $6.18 and a 200 day moving average price of $6.77.

Cool Company Profile

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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