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

Key Points

• Stabilis Solutions, Inc. experienced a significant rise in short interest, increasing by 108.3% in July, with a total of 5,000 shorted shares.
• Institutional investors now own 3.81% of Stabilis Solutions' stock, with notable increases in holdings from firms like Ancora Advisors and Northern Trust Corp.
• The company's recent earnings report showed a loss of ($0.09) per share, missing analysts' expectations, and a revenue of $17.34 million, below the forecast.

Stabilis Solutions, Inc. (NASDAQ:SLNG - Get Free Report) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 5,000 shares, agrowthof108.3% from the June 30th total of 2,400 shares. Currently,0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,800 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 10,800 shares, the days-to-cover ratio is currently 0.5 days. Currently,0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SLNG. Ancora Advisors LLC acquired a new stake in Stabilis Solutions in the 4th quarter valued at $36,000. Renaissance Technologies LLC acquired a new stake in shares of Stabilis Solutions in the fourth quarter valued at about $56,000. Dimensional Fund Advisors LP grew its stake 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 valued at $77,000 after buying an additional 1,531 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Stabilis Solutions during the 2nd quarter valued at about $83,000. Finally, Northern Trust Corp lifted its position in Stabilis Solutions by 82.9% during the 4th quarter. Northern Trust Corp now owns 39,879 shares of the company's stock worth $213,000 after acquiring an additional 18,077 shares in the last quarter. Hedge funds and other institutional investors own 3.81% of the company's stock.

Stabilis Solutions Price Performance

NASDAQ:SLNG traded up $0.05 during trading hours on Friday, reaching $4.50. 3,794 shares of the company traded hands, compared to its average volume of 20,101. Stabilis Solutions has a 1-year low of $3.71 and a 1-year high of $8.28. The stock has a market cap of $83.61 million, a P/E ratio of 112.40 and a beta of 0.20. The firm's 50-day moving average is $4.97 and its 200-day moving average is $5.42. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.49 and a quick ratio of 1.47.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). Stabilis Solutions had a return on equity of 1.35% and a net margin of 1.28%. The firm 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.