Stabilis Solutions, Inc. (NASDAQ:SLNG) Short Interest Up 39.7% in March

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 19,050 shares, an increase of 39.7% from the February 26th total of 13,639 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 45,578 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Stabilis Solutions

A number of large investors have recently made changes to their positions in SLNG. Ancora Advisors LLC lifted its holdings in Stabilis Solutions by 32.3% during the 3rd quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock worth $370,000 after purchasing an additional 20,718 shares during the last quarter. Russell Investments Group Ltd. increased its position in Stabilis Solutions by 30.2% during the 4th 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 lifted its holdings 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted 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 valued at $81,000 after acquiring an additional 2,207 shares during the period. Institutional investors own 3.81% of the company’s stock.

Analyst Upgrades and Downgrades

SLNG has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Stabilis Solutions in a research report 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 analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $10.00.

Stabilis Solutions Trading Up 4.8%

SLNG stock opened at $4.79 on Friday. Stabilis Solutions has a one year low of $3.21 and a one year high of $6.36. The stock has a market cap of $89.09 million, a price-to-earnings ratio of -68.42 and a beta of -0.13. The company has a fifty day moving average price of $4.89 and a two-hundred day moving average price of $4.72. 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 posted 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 return on equity of 2.05% and a negative net margin of 1.98%.The company had revenue of $13.27 million for the quarter, compared to analyst estimates of $21.90 million.

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.