Cool Company Ltd. (NYSE:CLCO) Short Interest Down 21.0% in February

Cool Company Ltd. (NYSE:CLCO) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 472,500 shares, a decline of 21.0% from the February 13th total of 598,000 shares. Currently, 2.1% of the company’s stock are short sold. Based on an average daily trading volume, of 246,500 shares, the short-interest ratio is currently 1.9 days.

Hedge Funds Weigh In On Cool

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in Cool during the fourth quarter worth $53,000. XTX Topco Ltd bought a new position in Cool during the fourth quarter worth $94,000. Public Employees Retirement System of Ohio bought a new position in Cool during the third quarter worth $124,000. Quadrature Capital Ltd bought a new stake in shares of Cool in the third quarter valued at about $124,000. Finally, Apollon Wealth Management LLC boosted its position in shares of Cool by 93.9% in the third quarter. Apollon Wealth Management LLC now owns 21,639 shares of the company’s stock valued at $244,000 after acquiring an additional 10,482 shares during the period. 20.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Fearnley Fonds downgraded shares of Cool from a “strong-buy” rating to a “hold” rating in a report on Monday, February 17th.

Cool Stock Up 4.3 %

CLCO traded up $0.24 during trading on Monday, reaching $5.78. 62,103 shares of the stock were exchanged, compared to its average volume of 251,152. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.44. The stock’s 50 day moving average price is $7.49 and its two-hundred day moving average price is $9.05. Cool has a twelve month low of $4.94 and a twelve month high of $13.68. The stock has a market cap of $310.40 million, a P/E ratio of 8.50 and a beta of 0.64.

About Cool

Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties.