Stabilis Solutions, Inc. (NASDAQ:SLNG) Short Interest Up 174.0% in March

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 52,201 shares, a growth of 174.0% from the March 15th total of 19,050 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 105,796 shares, the days-to-cover ratio is presently 0.5 days.

Stabilis Solutions Stock Performance

NASDAQ SLNG traded down $0.14 during trading hours on Friday, hitting $3.48. The company’s stock had a trading volume of 24,500 shares, compared to its average volume of 81,954. Stabilis Solutions has a 12 month low of $3.21 and a 12 month high of $6.36. The company’s 50 day simple moving average is $4.69 and its two-hundred day simple moving average is $4.72. The company has a market cap of $64.71 million, a P/E ratio of -49.71 and a beta of -0.12. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.30 and a quick ratio of 1.26.

Stabilis Solutions (NASDAQ:SLNG) last announced its earnings results on Wednesday, March 4th. The company reported ($0.01) earnings per share 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 company had revenue of $13.27 million for the quarter, compared to analysts’ expectations of $21.90 million.

Institutional Investors Weigh In On Stabilis Solutions

A number of hedge funds have recently made changes to their positions in the company. Ancora Advisors LLC lifted its position in shares of Stabilis Solutions by 32.3% in the third quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock worth $370,000 after buying an additional 20,718 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Stabilis Solutions by 30.2% in 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 in the last quarter. Citadel Advisors LLC lifted its position in shares of Stabilis Solutions by 37.7% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Stabilis Solutions by 13.5% in 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 in the last quarter. 3.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Stabilis Solutions in a research note on Monday, December 29th. Maxim Group cut Stabilis Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Stabilis Solutions has a consensus 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.