Stabilis Solutions, Inc. (NASDAQ:SLNG) Short Interest Down 80.1% in April

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the recipient of 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 shares of the stock are sold short. Based on an average daily trading volume, of 42,752 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

SLNG has been the subject of a number of research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Stabilis Solutions in a report on Monday, December 29th. Maxim Group cut shares of Stabilis Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, March 4th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $10.00.

Stabilis Solutions Stock Performance

Shares of NASDAQ:SLNG opened at $3.64 on Monday. The stock has a market capitalization of $67.70 million, a price-to-earnings ratio of -51.99 and a beta of -0.12. Stabilis Solutions has a 1-year low of $3.21 and a 1-year high of $6.36. 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 company has a 50 day moving average price of $4.27 and a 200 day moving average price of $4.65.

Stabilis Solutions (NASDAQ:SLNG) last posted its quarterly earnings data on Wednesday, March 4th. The company reported ($0.01) 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 firm had revenue of $13.27 million during the quarter, compared to analyst estimates of $21.90 million.

Hedge Funds Weigh In On Stabilis Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in Stabilis Solutions by 30.2% in the 4th quarter. Russell Investments Group Ltd. now owns 74,247 shares of the company’s stock worth $338,000 after purchasing an additional 17,213 shares during the period. Ancora Advisors LLC boosted its stake in Stabilis Solutions by 32.3% in 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 period. Citadel Advisors LLC boosted its stake in Stabilis Solutions by 37.7% in the 3rd quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock worth $83,000 after purchasing an additional 5,238 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Stabilis Solutions by 13.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock worth $81,000 after purchasing an additional 2,207 shares during the period. Institutional investors and hedge funds own 3.81% of the company’s stock.

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.