Stabilis Solutions, Inc. (NASDAQ:SLNG) Short Interest Update

Key Points

• Short interest surged 313.1% to 13,639 shares as of Feb. 27, but still only represents about 0.3% of shares outstanding and a low days-to-cover of ~0.5 (avg. volume 25,122).
• Stabilis missed quarterly expectations, reporting EPS of -$0.01 vs. $0.01 expected and revenue of $13.27M vs. $21.90M expected, and the company remains unprofitable with negative net margin and ROE.
• Institutional ownership is low at 3.81% despite recent buying by several funds, and analyst sentiment is muted (average rating "Reduce" with an average price target of $10, comprising one Hold and one Sell).

Stabilis Solutions, Inc. (NASDAQ:SLNG - Get Free Report) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 13,639 shares, a growth of 313.1% from the February 12th total of 3,302 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 25,122 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 25,122 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Stabilis Solutions

A number of institutional investors have recently bought and sold shares of the business. Ancora Advisors LLC increased its holdings in shares of Stabilis Solutions by 32.3% in the 3rd quarter. Ancora Advisors LLC now owns 84,849 shares of the company's stock valued at $370,000 after purchasing an additional 20,718 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Stabilis Solutions by 30.2% during the fourth quarter. Russell Investments Group Ltd. now owns 74,247 shares of the company's stock worth $338,000 after purchasing an additional 17,213 shares during the period. Citadel Advisors LLC grew its position in Stabilis Solutions by 37.7% during the third quarter. Citadel Advisors LLC now owns 19,146 shares of the company's stock valued at $83,000 after purchasing an additional 5,238 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Stabilis Solutions by 13.5% during the third quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company's stock valued at $81,000 after purchasing an additional 2,207 shares in the last quarter. 3.81% of the stock is currently owned by institutional investors and hedge funds.

Stabilis Solutions Trading Up 1.1%

NASDAQ SLNG opened at $3.70 on Wednesday. The firm's 50 day moving average price is $5.03 and its two-hundred day moving average price is $4.71. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.26 and a current ratio of 1.30. Stabilis Solutions has a twelve month low of $3.29 and a twelve month high of $6.36. The stock has a market cap of $68.82 million, a price-to-earnings ratio of -52.85 and a beta of -0.13.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). Stabilis Solutions had a negative net margin of 1.98% and a negative return on equity of 2.05%. The business had revenue of $13.27 million during the quarter, compared to analysts' expectations of $21.90 million.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Maxim Group downgraded Stabilis Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, March 4th. Weiss Ratings restated a "sell (d+)" rating on shares of Stabilis Solutions in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $10.00.

Stabilis Solutions Company Profile

Stabilis Solutions NASDAQ: SLNG is a U.S.-based marketer and distributor of cryogenic liquid products and liquefied natural gas (LNG). The company operates a nationwide network of terminals and bulk delivery assets, supplying industrial gases such as liquid oxygen, nitrogen and argon, as well as specialty products including carbon dioxide and hydrogen. Stabilis Solutions serves a broad array of end markets—from food and beverage processing to environmental applications and power generation—by ensuring a reliable chain of custody from production to point of use.

In addition to its cryogenic gas portfolio, Stabilis Solutions has developed a growing LNG business, providing clean-fuel solutions for heavy-duty transportation and on-site energy needs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.