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

Hedge Funds Weigh In On Stabilis Solutions

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in Stabilis Solutions by 12.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 14,310 shares of the company's stock valued at $77,000 after purchasing an additional 1,531 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Stabilis Solutions in the second quarter valued at approximately $83,000. Northern Trust Corp boosted its stake in shares of Stabilis Solutions by 82.9% in the fourth quarter. Northern Trust Corp now owns 39,879 shares of the company's stock valued at $213,000 after buying an additional 18,077 shares during the period. Russell Investments Group Ltd. acquired a new stake in Stabilis Solutions during the first quarter worth approximately $225,000. Finally, Ancora Advisors LLC increased its stake in Stabilis Solutions by 803.7% during the 1st quarter. Ancora Advisors LLC now owns 61,391 shares of the company's stock worth $298,000 after acquiring an additional 54,598 shares during the period. 3.81% of the stock is owned by institutional investors.

Stabilis Solutions Price Performance

Shares of NASDAQ SLNG opened at $3.48 on Friday. The firm has a market cap of $64.71 million, a P/E ratio of 87.02 and a beta of 0.11. The business's 50 day moving average is $4.42 and its 200-day moving average is $4.86. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 0.10. Stabilis Solutions has a 1-year low of $3.29 and a 1-year high of $8.28.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $20.20 million. Stabilis Solutions had a net margin of 1.28% and a return on equity of 1.35%.

Analyst Upgrades and Downgrades

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

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