Short Interest in Stabilis Solutions, Inc. (NASDAQ:SLNG) Rises By 226.9%

Key Points

• Stabilis Solutions, Inc. experienced a significant rise in short interest, increasing by 226.9% in September, reaching a total of 8,500 shares shorted.
• Recent analyst ratings indicate a consensus "Hold" rating, with a target price of $10.00, following a price target reduction from Maxim Group.
• Institutional investors have been actively trading Stabilis Solutions, with notable acquisitions including Sequoia Financial Advisors and a substantial stake increase by Ancora Advisors of 803.7%.

Stabilis Solutions, Inc. (NASDAQ:SLNG - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 8,500 shares, an increase of 226.9% from the September 15th total of 2,600 shares. Based on an average daily volume of 11,900 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 11,900 shares, the short-interest ratio is currently 0.7 days.

Analyst Ratings Changes

SLNG has been the subject of a number of research analyst reports. Maxim Group reduced their price target on shares of Stabilis Solutions from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Monday, August 11th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Stabilis Solutions in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $10.00.

Institutional Trading of Stabilis Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC acquired a new stake in Stabilis Solutions during the second quarter valued at approximately $83,000. Russell Investments Group Ltd. acquired a new stake in Stabilis Solutions during the first quarter valued at approximately $225,000. Finally, Ancora Advisors LLC lifted its stake in Stabilis Solutions by 803.7% during the first quarter. Ancora Advisors LLC now owns 61,391 shares of the company's stock valued at $298,000 after purchasing an additional 54,598 shares during the last quarter. 3.81% of the stock is owned by institutional investors and hedge funds.

Stabilis Solutions Trading Down 2.1%

Shares of NASDAQ:SLNG opened at $4.84 on Friday. The company has a 50 day moving average of $4.27 and a 200-day moving average of $4.77. The firm has a market cap of $89.95 million, a P/E ratio of 120.93 and a beta of 0.14. Stabilis Solutions has a twelve month low of $3.29 and a twelve month high of $8.28. 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 (NASDAQ:SLNG - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.04). Stabilis Solutions had a net margin of 1.28% and a return on equity of 1.35%. The business had revenue of $17.31 million for the quarter, compared to analyst estimates of $20.20 million.

Stabilis Solutions Company Profile

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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