Short Interest in Stabilis Solutions, Inc. (NASDAQ:SLNG) Increases By 55.9%

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 5,300 shares, a growth of 55.9% from the August 31st total of 3,400 shares. Based on an average trading volume of 3,600 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Stabilis Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in SLNG. Dimensional Fund Advisors LP purchased a new position in Stabilis Solutions in the second quarter valued at $41,000. Callahan Advisors LLC acquired a new position in Stabilis Solutions in the second quarter valued at approximately $109,000. Finally, Tieton Capital Management LLC increased its stake in Stabilis Solutions by 2.3% in the second quarter. Tieton Capital Management LLC now owns 167,925 shares of the company’s stock valued at $647,000 after purchasing an additional 3,773 shares during the last quarter. Hedge funds and other institutional investors own 3.81% of the company’s stock.

Stabilis Solutions Stock Up 3.4 %

Shares of NASDAQ SLNG traded up $0.16 during mid-day trading on Friday, hitting $4.90. The company had a trading volume of 15,056 shares, compared to its average volume of 4,461. The company has a market capitalization of $91.07 million, a PE ratio of 163.33 and a beta of 0.75. The business’s 50-day simple moving average is $4.12 and its 200 day simple moving average is $4.09. Stabilis Solutions has a 1-year low of $3.77 and a 1-year high of $5.29. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.64 and a quick ratio of 1.63.

Stabilis Solutions Company Profile

Stabilis Solutions, Inc, together with its subsidiaries, an energy transition company, provides clean energy production, storage, transportation, and fueling solutions primarily using liquefied natural gas (LNG) to various end markets in North America. The company offers LNG solutions to customers in aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets.