Golar LNG Limited (NASDAQ:GLNG) Short Interest Update

Golar LNG Limited (NASDAQ:GLNG) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 3,140,000 shares, a growth of 33.1% from the November 15th total of 2,360,000 shares. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 3.4% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

GLNG has been the subject of several analyst reports. StockNews.com upgraded Golar LNG to a “sell” rating in a research note on Monday, December 9th. Fearnley Fonds downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Golar LNG by 467.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,237,000 shares of the shipping company’s stock valued at $82,232,000 after acquiring an additional 1,843,100 shares during the period. Clearline Capital LP purchased a new position in Golar LNG in the third quarter valued at about $36,865,000. American Century Companies Inc. lifted its stake in shares of Golar LNG by 53.7% during the second quarter. American Century Companies Inc. now owns 1,732,655 shares of the shipping company’s stock worth $54,319,000 after purchasing an additional 605,499 shares in the last quarter. Brookfield Corp ON lifted its position in Golar LNG by 180.8% during the 3rd quarter. Brookfield Corp ON now owns 849,959 shares of the shipping company’s stock worth $31,244,000 after acquiring an additional 547,253 shares in the last quarter. Finally, Appian Way Asset Management LP purchased a new position in shares of Golar LNG in the third quarter valued at $15,351,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Golar LNG Trading Down 0.3 %

GLNG stock traded down $0.11 during trading on Friday, reaching $43.48. 1,234,095 shares of the stock traded hands, compared to its average volume of 1,219,009. The firm has a market capitalization of $4.54 billion, a PE ratio of 310.57 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.55 and a quick ratio of 1.28. The business’s 50 day moving average price is $38.34 and its 200-day moving average price is $34.42. Golar LNG has a 52-week low of $19.94 and a 52-week high of $44.04.

Golar LNG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 25th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Monday, November 25th. Golar LNG’s dividend payout ratio (DPR) is presently 714.29%.

Golar LNG Company Profile

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.