Stabilis Solutions, Inc. (NASDAQ:SLNG) Sees Significant Decline in Short Interest

Stabilis Solutions, Inc. (NASDAQ:SLNG - Get Free Report) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 18,100 shares, a decline of 18.5% from the January 15th total of 22,200 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 18,700 shares, the short-interest ratio is presently 1.0 days.

Stabilis Solutions Stock Performance

Shares of SLNG traded down $0.52 during mid-day trading on Wednesday, reaching $7.01. 32,168 shares of the company's stock traded hands, compared to its average volume of 26,013. Stabilis Solutions has a 12 month low of $3.77 and a 12 month high of $8.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 1.24. The stock has a market capitalization of $130.25 million, a P/E ratio of 33.38 and a beta of 0.84. The business's 50-day moving average price is $6.40 and its 200-day moving average price is $5.17.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SLNG. Tieton Capital Management LLC increased its stake in shares of Stabilis Solutions by 25.7% during the fourth quarter. Tieton Capital Management LLC now owns 208,051 shares of the company's stock valued at $1,113,000 after acquiring an additional 42,475 shares during the period. Northern Trust Corp increased its stake in shares of Stabilis Solutions by 82.9% during the fourth quarter. Northern Trust Corp now owns 39,879 shares of the company's stock valued at $213,000 after acquiring an additional 18,077 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Stabilis Solutions during the fourth quarter valued at approximately $56,000. Ancora Advisors LLC acquired a new position in shares of Stabilis Solutions during the fourth quarter valued at approximately $36,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Stabilis Solutions by 12.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,310 shares of the company's stock valued at $77,000 after acquiring an additional 1,531 shares during the period. Institutional investors and hedge funds own 3.81% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Maxim Group initiated coverage on Stabilis Solutions in a report on Monday, February 10th. They set a "buy" rating and a $12.00 price target on the stock.

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.