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

Key Points

• Short interest plunged 80.1% in April to 10,408 shares (about 0.2% of shares outstanding), leaving a days-to-cover ratio of just 0.2 days.
• Shares opened at $3.64 with a market cap of $67.7 million; the company reported a loss of $0.01 EPS and missed revenue ($13.27M vs. $21.90M est.), and shows negative margins and return on equity.
• Analysts carry a consensus "Reduce" rating with a $10 target, while institutional ownership is low at 3.81% and several funds recently increased or trimmed stakes.

Stabilis Solutions, Inc. (NASDAQ:SLNG - Get Free Report) saw a significant drop in short interest in April. As of April 15th, there was short interest totaling 10,408 shares, a drop of 80.1% from the March 31st total of 52,201 shares. Approximately 0.2% of the company's shares are short sold. Based on an average daily volume of 42,752 shares, the days-to-cover ratio is presently 0.2 days.

Stabilis Solutions Price Performance

Shares of SLNG opened at $3.64 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.26 and a current ratio of 1.30. The stock has a 50 day simple moving average of $4.27 and a 200 day simple moving average of $4.66. Stabilis Solutions has a 52-week low of $3.21 and a 52-week high of $6.36. The firm has a market capitalization of $67.70 million, a PE ratio of -51.99 and a beta of -0.12.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $21.90 million.

Institutional Investors Weigh In On Stabilis Solutions

Several institutional investors have recently added to or reduced their stakes in the stock. Ancora Advisors LLC lifted its position in 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 acquiring an additional 20,718 shares in the last quarter. Russell Investments Group Ltd. boosted its position 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 buying an additional 17,213 shares during the period. Citadel Advisors LLC boosted its position in shares of Stabilis Solutions by 37.7% during the third quarter. Citadel Advisors LLC now owns 19,146 shares of the company's stock worth $83,000 after buying an additional 5,238 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Stabilis Solutions by 13.5% during the third quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company's stock worth $81,000 after buying an additional 2,207 shares during the period. 3.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SLNG has been the topic of a number of recent analyst reports. Maxim Group cut shares of Stabilis Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, March 4th. Weiss Ratings reissued a "sell (d+)" rating on shares of Stabilis Solutions in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $10.00.

About Stabilis Solutions

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.

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