Stabilis Solutions, Inc. (NASDAQ:SLNG) Sees Large Decrease in Short Interest

Key Points

• Stabilis Solutions, Inc. experienced a 32.0% decrease in short interest in July, with total short interest dropping to 3,400 shares from 5,000 shares.
• The company reported a loss of $0.03** earnings per share**, missing analysts' expectations, along with a revenue of $17.31 million against an estimate of $20.20 million.
• Institutional investors now own 3.81% of Stabilis Solutions' stock**, with notable acquisitions from Ancora Advisors LLC and Renaissance Technologies LLC during the fourth quarter.

Stabilis Solutions, Inc. (NASDAQ:SLNG - Get Free Report) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 3,400 shares, adeclineof32.0% from the July 15th total of 5,000 shares. Approximately0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,400 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 8,400 shares, the short-interest ratio is presently 0.4 days. Approximately0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Ancora Advisors LLC acquired a new stake in shares of Stabilis Solutions during the 4th quarter worth approximately $36,000. Renaissance Technologies LLC bought a new position in Stabilis Solutions in the fourth quarter valued at approximately $56,000. Dimensional Fund Advisors LP boosted its stake in Stabilis Solutions by 12.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,310 shares of the company's stock valued at $77,000 after acquiring an additional 1,531 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Stabilis Solutions during the 2nd quarter worth $83,000. Finally, Northern Trust Corp raised its position in shares of Stabilis Solutions by 82.9% during the 4th quarter. Northern Trust Corp now owns 39,879 shares of the company's stock valued at $213,000 after acquiring an additional 18,077 shares during the last quarter. Institutional investors own 3.81% of the company's stock.

Wall Street Analyst Weigh In

Separately, Maxim Group cut their price objective 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 research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $10.00.

Stabilis Solutions Trading Up 1.8%

SLNG traded up $0.0750 during mid-day trading on Monday, reaching $4.1750. The stock had a trading volume of 371 shares, compared to its average volume of 19,289. The firm's fifty day simple moving average is $4.76 and its two-hundred day simple moving average is $5.20. The stock has a market capitalization of $77.66 million, a P/E ratio of 104.40 and a beta of 0.20. Stabilis Solutions has a 52 week low of $3.71 and a 52 week high of $8.28. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.56 and a current ratio of 1.57.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). The firm had revenue of $17.31 million for 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%.

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.