Stabilis Solutions, Inc. (NASDAQ:SLNG) Short Interest Down 40.0% in May

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

Stabilis Solutions Price Performance

SLNG stock traded down $0.18 during mid-day trading on Monday, hitting $4.84. The company had a trading volume of 6,944 shares, compared to its average volume of 14,921. The company has a 50-day moving average price of $5.23 and a 200 day moving average price of $5.66. Stabilis Solutions has a 12-month low of $3.71 and a 12-month high of $8.28. The company has a market capitalization of $90.00 million, a price-to-earnings ratio of 23.05 and a beta of 0.22. The company has a quick ratio of 1.22, a current ratio of 1.24 and a debt-to-equity ratio of 0.11.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $17.34 million for the quarter, compared to the consensus estimate of $19.30 million. Stabilis Solutions had a return on equity of 6.16% and a net margin of 5.29%.

Institutional Investors Weigh In On Stabilis Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC lifted its holdings in Stabilis Solutions by 803.7% during the first quarter. Ancora Advisors LLC now owns 61,391 shares of the company's stock worth $298,000 after buying an additional 54,598 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Stabilis Solutions during the first quarter valued at about $225,000. Tieton Capital Management LLC boosted its holdings in shares of Stabilis Solutions by 25.7% in the 4th quarter. Tieton Capital Management LLC now owns 208,051 shares of the company's stock valued at $1,113,000 after buying an additional 42,475 shares in the last quarter. Northern Trust Corp grew its position in shares of 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 buying an additional 18,077 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Stabilis Solutions during the 4th quarter worth approximately $56,000. 3.81% of the stock is owned by institutional investors.

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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