Stabilis Solutions, Inc. (NASDAQ:SLNG) Stock Short Interest Declines 39.0%

Key Points

• Short interest in Stabilis Solutions fell 39% to 7,130 shares as of October 15, representing approximately 0.1% of shares outstanding and just 0.3 days of average trading volume.
• Shares opened at $4.34, within a 12-month range of $3.21 to $7.07. The company’s latest quarterly results missed EPS expectations, reporting a $0.25 loss per share versus the expected $0.08 loss, despite revenue exceeding forecasts.
• Analyst sentiment remains negative, with the stock carrying a consensus “Reduce” rating. A director purchased 5,000 shares, while insiders collectively own 72.2% of the company and institutional investors own 3.81%.

Stabilis Solutions, Inc. (NASDAQ:SLNG - Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 7,130 shares, a decrease of 39.0% from the September 30th total of 11,685 shares. Based on an average daily volume of 26,062 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Stabilis Solutions Stock Performance

Shares of Stabilis Solutions stock opened at $4.34 on Friday. The business has a fifty day simple moving average of $5.19 and a two-hundred day simple moving average of $4.66. The firm has a market capitalization of $80.72 million, a P/E ratio of -10.33 and a beta of -0.24. Stabilis Solutions has a 12 month low of $3.21 and a 12 month high of $7.07. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 0.10.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last announced its 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 firm had revenue of $11.92 million during the quarter, compared to analysts' expectations of $10.84 million.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Stabilis Solutions from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce".

Insider Buying and Selling at Stabilis Solutions

In related news, Director Edward Kuntz bought 5,000 shares of the business's stock in a transaction on Wednesday, September 9th. The shares were purchased at an average price of $5.41 per share, for a total transaction of $27,050.00. Following the completion of the transaction, the director directly owned 74,839 shares of the company's stock, valued at approximately $404,878.99. This represents a 7.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 72.20% of the company's stock.

Institutional Trading of Stabilis Solutions

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Stabilis Solutions in the 2nd quarter valued at about $50,000. Susquehanna International Group LLP acquired a new position in Stabilis Solutions in the 2nd quarter valued at about $67,000. Sequoia Financial Advisors LLC increased its holdings in shares of 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 purchasing an additional 2,000 shares during the period. Sei Investments Co. increased its stake in Stabilis Solutions by 128.4% in the 1st quarter. Sei Investments Co. now owns 113,200 shares of the company's stock valued at $505,000 after buying an additional 63,644 shares during the period. Finally, Bank of America Corp DE purchased a new position in Stabilis Solutions during the second quarter worth about $558,000. 3.81% of the stock is currently owned by institutional investors and hedge funds.

About Stabilis Solutions

Stabilis Solutions, Inc NASDAQ: SLNG is an energy company focused on the production, distribution and use of liquefied natural gas (LNG). The company supplies LNG as an alternative fuel for customers that require reliable energy while seeking to reduce their reliance on diesel, fuel oil and other conventional fuels.

Stabilis provides LNG through its production and distribution infrastructure, supported by transportation, storage and fueling capabilities. Its services are designed for a range of applications, including industrial operations, power generation, marine transportation and heavy-duty vehicle fleets.

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