Cool Company Ltd. (NYSE:CLCO - Get Free Report) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totalling 143,500 shares, a drop of 29.9% from the April 30th total of 204,800 shares. Based on an average trading volume of 216,400 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.7% of the shares of the stock are short sold.
Wall Street Analysts Forecast Growth
Separately, Fearnley Fonds downgraded shares of Cool from a "strong-buy" rating to a "hold" rating in a report on Monday, February 17th.
Check Out Our Latest Stock Analysis on Cool
Hedge Funds Weigh In On Cool
Several hedge funds have recently added to or reduced their stakes in CLCO. Quantbot Technologies LP purchased a new position in Cool during the 4th quarter valued at about $53,000. ABC Arbitrage SA acquired a new stake in shares of Cool during the 1st quarter worth about $82,000. XTX Topco Ltd acquired a new stake in shares of Cool during the 4th quarter worth about $94,000. Finally, Barclays PLC boosted its stake in shares of Cool by 3.9% during the 4th quarter. Barclays PLC now owns 50,708 shares of the company's stock worth $403,000 after purchasing an additional 1,917 shares during the last quarter. 20.66% of the stock is currently owned by hedge funds and other institutional investors.
Cool Price Performance
NYSE:CLCO traded down $0.01 during mid-day trading on Thursday, hitting $7.01. 87,540 shares of the company's stock traded hands, compared to its average volume of 233,524. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.44. The firm's 50 day simple moving average is $5.84 and its 200 day simple moving average is $6.88. Cool has a 1 year low of $4.51 and a 1 year high of $12.45. The company has a market cap of $376.46 million, a PE ratio of 10.31 and a beta of 0.51.
Cool Company Profile
(
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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.
See Also
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