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

Stabilis Solutions, Inc. (NASDAQ:SLNG - Get Free Report) saw a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 8,700 shares, a decline of 40.0% from the May 15th total of 14,500 shares. Approximately 0.3% of the company's stock are sold short. Based on an average trading volume of 12,300 shares, the short-interest ratio is currently 0.7 days.

Stabilis Solutions Stock Down 1.9%

SLNG stock traded down $0.10 during midday trading on Thursday, hitting $5.22. The company's stock had a trading volume of 2,758 shares, compared to its average volume of 14,927. The firm's 50-day moving average is $5.32 and its 200-day moving average is $5.65. The company has a current ratio of 1.49, a quick ratio of 1.47 and a debt-to-equity ratio of 0.10. Stabilis Solutions has a 12 month low of $3.71 and a 12 month high of $8.28. The company has a market cap of $97.09 million, a PE ratio of 74.58 and a beta of 0.22.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.11). Stabilis Solutions had a return on equity of 2.34% and a net margin of 2.16%. The business had revenue of $17.34 million during the quarter, compared to analysts' expectations of $19.30 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ancora Advisors LLC purchased a new stake in Stabilis Solutions during the 4th quarter valued at $36,000. Renaissance Technologies LLC purchased a new position in shares of Stabilis Solutions in the 4th quarter worth $56,000. Dimensional Fund Advisors LP grew its holdings in shares of 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. Northern Trust Corp increased its position in Stabilis Solutions by 82.9% during the fourth 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. Finally, Russell Investments Group Ltd. purchased a new stake in Stabilis Solutions during the first quarter valued at $225,000. Institutional investors own 3.81% of the company's stock.

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.