Stabilis Solutions, Inc. (NASDAQ:SLNG) Sees Significant Drop in Short Interest

Key Points

• Short interest fell sharply: Stabilis Solutions’ short interest dropped 36.3% to 15,666 shares as of September 15, representing about 0.3% of shares outstanding and only 0.3 days to cover.
• Insider buying continued: Director Edward Kuntz bought 5,000 shares at an average price of $5.41, increasing his position by 7.16%. Company insiders collectively own 72.2% of the stock.
• Financial and analyst sentiment remained weak: The company missed quarterly EPS expectations, reporting a $0.25 loss versus an expected $0.08 loss, while analysts maintained an overall “Reduce” rating with one Hold and one Sell recommendation.

Stabilis Solutions, Inc. (NASDAQ:SLNG - Get Free Report) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 15,666 shares, a decrease of 36.3% from the August 31st total of 24,600 shares. Based on an average daily trading volume, of 58,700 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.

Insider Buying and Selling at Stabilis Solutions

In other Stabilis Solutions news, Director Edward Kuntz purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were purchased at an average cost of $5.41 per share, for a total transaction of $27,050.00. Following the completion of the transaction, the director owned 74,839 shares of the company's stock, valued at $404,878.99. The trade was a 7.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 72.20% of the company's stock.

Hedge Funds Weigh In On Stabilis Solutions

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Stabilis Solutions during the 2nd quarter worth approximately $50,000. Susquehanna International Group LLP purchased a new stake in Stabilis Solutions in the second quarter valued at $67,000. Sequoia Financial Advisors LLC boosted its stake in 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 acquiring an additional 2,000 shares in the last quarter. Sei Investments Co. increased its position in shares of 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 in the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of Stabilis Solutions in the 2nd quarter valued at about $558,000. 3.81% of the stock is currently owned by hedge funds and other institutional investors.

Stabilis Solutions Stock Performance

Shares of SLNG stock opened at $4.91 on Thursday. The firm has a market cap of $91.33 million, a P/E ratio of -11.69 and a beta of -0.26. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.57 and a current ratio of 1.59. Stabilis Solutions has a one year low of $3.21 and a one year high of $7.07. The firm's 50 day moving average price is $5.35 and its 200-day moving average price is $4.51.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.17). Stabilis Solutions had a negative return on equity of 12.33% and a negative net margin of 14.06%.The business had revenue of $11.92 million for the quarter, compared to analyst estimates of $10.84 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Stabilis Solutions in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Stabilis Solutions currently has an average rating of "Reduce".

About Stabilis Solutions

Stabilis Solutions, Inc provides liquefied natural gas (LNG) products and related energy services to commercial and industrial customers. The company produces LNG and supplies it as an alternative fuel for applications that require reliable, lower-emission energy, including marine transportation, heavy-duty and high-horsepower equipment, power generation, and industrial operations.

Stabilis supports customers through an integrated model that includes LNG production, storage, transportation, and fueling.

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