Short Interest in Stabilis Solutions, Inc. (NASDAQ:SLNG) Declines By 42.9%

Key Points

• Short interest in Stabilis Solutions, Inc. (NASDAQ:SLNG) decreased by 42.9% in August, falling from 3,500 shares to 2,000 shares.
• Hedge funds have shown increased interest, with over 3.81% of the stock now owned by institutional investors, including significant increases from Dimensional Fund Advisors and Northern Trust Corp.
• The company's recent earnings report revealed a loss of ($0.03) EPS, which missed analysts' expectations, with revenues of $17.31 million against forecasts of $20.20 million.

Stabilis Solutions, Inc. (NASDAQ:SLNG - Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,000 shares, a drop of 42.9% from the August 15th total of 3,500 shares. Based on an average daily volume of 10,900 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 10,900 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SLNG. Ancora Advisors LLC boosted its holdings in Stabilis Solutions by 803.7% in the first quarter. Ancora Advisors LLC now owns 61,391 shares of the company's stock worth $298,000 after acquiring an additional 54,598 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Stabilis Solutions during the first quarter valued at approximately $225,000. Northern Trust Corp boosted its stake in Stabilis Solutions by 82.9% in the 4th quarter. Northern Trust Corp now owns 39,879 shares of the company's stock worth $213,000 after purchasing an additional 18,077 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Stabilis Solutions during the 2nd quarter valued at about $83,000. Finally, Dimensional Fund Advisors LP raised its position in Stabilis Solutions by 12.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,310 shares of the company's stock worth $77,000 after acquiring an additional 1,531 shares during the period. Institutional investors own 3.81% of the company's stock.

Stabilis Solutions Stock Performance

Stabilis Solutions stock traded up $0.05 during trading hours on Friday, reaching $4.06. 3,579 shares of the stock were exchanged, compared to its average volume of 18,769. The firm's 50 day moving average is $4.36 and its 200 day moving average is $4.83. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.56 and a current ratio of 1.57. The stock has a market cap of $75.50 million, a P/E ratio of 101.53 and a beta of 0.11. Stabilis Solutions has a 52-week low of $3.29 and a 52-week high of $8.28.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). The firm had revenue of $17.31 million for the quarter, compared to analysts' expectations of $20.20 million. Stabilis Solutions had a return on equity of 1.35% and a net margin of 1.28%.

Wall Street Analysts Forecast Growth

Separately, Maxim Group decreased their target price on Stabilis Solutions from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Monday, August 11th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $10.00.

About Stabilis Solutions

Stabilis Solutions, Inc, together with its subsidiaries, an energy transition company, provides clean energy production, storage, transportation, and fueling solutions primarily using liquefied natural gas (LNG) to various end markets in North America. The company offers LNG solutions to customers in aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets.