Stabilis Solutions, Inc. (NASDAQ:SLNG - Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 11,100 shares, an increase of 296.4% from the September 30th total of 2,800 shares. Based on an average trading volume of 6,600 shares, the short-interest ratio is currently 1.7 days. Currently, 0.5% of the shares of the stock are sold short.
Stabilis Solutions Price Performance
Shares of Stabilis Solutions stock traded up $0.08 on Friday, hitting $4.68. 7,426 shares of the company were exchanged, compared to its average volume of 5,158. The company has a quick ratio of 1.63, a current ratio of 1.64 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $4.32 and a 200 day moving average price of $4.15. The stock has a market capitalization of $86.88 million, a price-to-earnings ratio of 156.00 and a beta of 0.75. Stabilis Solutions has a 1-year low of $3.77 and a 1-year high of $5.29.
Hedge Funds Weigh In On Stabilis Solutions
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SLNG. Dimensional Fund Advisors LP purchased a new position in shares of Stabilis Solutions during the 2nd quarter worth $41,000. Callahan Advisors LLC purchased a new position in Stabilis Solutions during the second quarter worth about $109,000. Finally, Tieton Capital Management LLC raised its stake in Stabilis Solutions by 2.3% during the second quarter. Tieton Capital Management LLC now owns 167,925 shares of the company's stock worth $647,000 after purchasing an additional 3,773 shares during the period. Institutional investors and hedge funds own 3.81% of the company's stock.
About Stabilis Solutions
(
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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.
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