Cool Company Ltd. (NYSE:CLCO - Get Free Report) saw a large 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. Approximately 2.1% of the company's shares are sold short. Based on an average daily volume of 246,500 shares, the days-to-cover ratio is currently 1.9 days.
Cool Trading Up 1.7 %
Shares of CLCO stock traded up $0.10 during trading hours on Thursday, hitting $5.83. The company had a trading volume of 39,965 shares, compared to its average volume of 247,378. The company's fifty day moving average is $7.33 and its 200 day moving average is $8.95. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.44 and a quick ratio of 0.43. Cool has a fifty-two week low of $4.94 and a fifty-two week high of $13.68. The stock has a market capitalization of $313.09 million, a PE ratio of 8.58 and a beta of 0.64.
Analysts Set New Price Targets
Separately, Fearnley Fonds lowered shares of Cool from a "strong-buy" rating to a "hold" rating in a report on Monday, February 17th.
Check Out Our Latest Analysis on CLCO
Hedge Funds Weigh In On Cool
Several large investors have recently made changes to their positions in the stock. Mirabella Financial Services LLP lifted its holdings in shares of Cool by 6,596.0% in the 3rd quarter. Mirabella Financial Services LLP now owns 4,017,612 shares of the company's stock worth $45,274,000 after acquiring an additional 3,957,612 shares during the last quarter. Barclays PLC lifted its holdings in shares of Cool by 3.9% in the 4th quarter. Barclays PLC now owns 50,708 shares of the company's stock worth $403,000 after acquiring an additional 1,917 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of Cool by 93.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 21,639 shares of the company's stock worth $244,000 after acquiring an additional 10,482 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Cool in the 4th quarter worth approximately $94,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Cool in the 3rd quarter worth approximately $124,000. 20.66% of the stock is currently owned by institutional investors and hedge funds.
About Cool
(
Get Free Report)
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.
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