Short Interest in Stabilis Solutions, Inc. (NASDAQ:SLNG) Declines By 80.5%

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 2,200 shares, a decline of 80.5% from the February 13th total of 11,300 shares. Based on an average daily trading volume, of 31,800 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Maxim Group initiated coverage on shares of Stabilis Solutions in a research report on Monday, February 10th. They set a “buy” rating and a $12.00 price objective for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tieton Capital Management LLC increased its stake in shares of Stabilis Solutions by 25.7% in the fourth quarter. Tieton Capital Management LLC now owns 208,051 shares of the company’s stock valued at $1,113,000 after purchasing an additional 42,475 shares during the period. Northern Trust Corp grew its holdings in 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 in the last quarter. Dimensional Fund Advisors LP increased its position in Stabilis Solutions by 12.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 14,310 shares of the company’s stock valued at $77,000 after acquiring an additional 1,531 shares during the period. Renaissance Technologies LLC bought a new stake in Stabilis Solutions during the 4th quarter valued at $56,000. Finally, Ancora Advisors LLC acquired a new position in Stabilis Solutions during the 4th quarter worth $36,000. 3.81% of the stock is owned by institutional investors and hedge funds.

Stabilis Solutions Stock Up 6.0 %

Shares of Stabilis Solutions stock opened at $4.95 on Friday. The stock has a market capitalization of $92.05 million, a price-to-earnings ratio of 23.57 and a beta of 0.93. Stabilis Solutions has a twelve month low of $3.77 and a twelve month high of $8.28. The company has a current ratio of 1.24, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11. The business’s 50 day simple moving average is $6.44 and its 200-day simple moving average is $5.34.

Stabilis Solutions (NASDAQ:SLNG) last issued its earnings results on Tuesday, February 25th. The company reported $0.11 earnings per share for the quarter. Stabilis Solutions had a return on equity of 6.16% and a net margin of 5.29%. The firm had revenue of $17.30 million for the quarter.

About Stabilis Solutions

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.