Golar LNG Limited (NASDAQ:GLNG) Short Interest Down 7.5% in January

Golar LNG Limited (NASDAQ:GLNG - Get Free Report) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 3,950,000 shares, a drop of 7.5% from the January 15th total of 4,270,000 shares. Based on an average daily volume of 1,310,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 4.2% of the company's stock are sold short.

Golar LNG Stock Down 4.6 %

Shares of GLNG traded down $1.89 during mid-day trading on Friday, hitting $38.95. The stock had a trading volume of 1,101,183 shares, compared to its average volume of 1,029,439. The company has a market cap of $4.07 billion, a PE ratio of 278.23 and a beta of 0.55. The company's fifty day simple moving average is $41.53 and its two-hundred day simple moving average is $37.92. Golar LNG has a fifty-two week low of $19.94 and a fifty-two week high of $44.36.

Institutional Trading of Golar LNG

Several hedge funds have recently made changes to their positions in the stock. Teza Capital Management LLC bought a new stake in shares of Golar LNG in the 4th quarter worth approximately $2,652,000. Toronto Dominion Bank bought a new stake in shares of Golar LNG in the 4th quarter worth approximately $1,185,000. Sagefield Capital LP bought a new stake in shares of Golar LNG in the 4th quarter worth approximately $8,725,000. ProShare Advisors LLC lifted its holdings in shares of Golar LNG by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 27,871 shares of the shipping company's stock worth $1,180,000 after purchasing an additional 9,169 shares during the last quarter. Finally, Naria Inc. bought a new stake in Golar LNG during the 4th quarter valued at $435,226,000. Institutional investors own 92.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Fearnley Fonds lowered Golar LNG from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 13th. StockNews.com upgraded Golar LNG to a "sell" rating in a research note on Monday, December 9th. DNB Markets lowered Golar LNG from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Stifel Nicolaus lifted their target price on Golar LNG from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $50.13.

About Golar LNG

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.