Stabilis Solutions, Inc. (NASDAQ:SLNG) Sees Significant Increase in Short Interest

Stabilis Solutions, Inc. (NASDAQ:SLNG) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 15,200 shares, a growth of 36.9% from the October 15th total of 11,100 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,300 shares, the days-to-cover ratio is presently 2.1 days.

Hedge Funds Weigh In On Stabilis Solutions

Several hedge funds and other institutional investors have recently modified their holdings of SLNG. Callahan Advisors LLC acquired a new stake in Stabilis Solutions in the second quarter valued at about $109,000. Dimensional Fund Advisors LP bought a new position in shares of Stabilis Solutions in the second quarter worth about $41,000. Finally, Tieton Capital Management LLC boosted its stake in shares of Stabilis Solutions by 2.3% in the 2nd quarter. Tieton Capital Management LLC now owns 167,925 shares of the company’s stock valued at $647,000 after purchasing an additional 3,773 shares in the last quarter. Institutional investors own 3.81% of the company’s stock.

Stabilis Solutions Price Performance

SLNG traded up $0.25 during trading on Friday, hitting $4.85. 13,398 shares of the stock traded hands, compared to its average volume of 5,394. The business has a 50 day moving average price of $4.48 and a 200 day moving average price of $4.20. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.24 and a quick ratio of 1.63. Stabilis Solutions has a twelve month low of $3.77 and a twelve month high of $5.23. The company has a market cap of $90.02 million, a price-to-earnings ratio of 23.07 and a beta of 0.78.

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.