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

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the recipient of a large increase in short interest in 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 days-to-cover ratio is currently 1.7 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Stabilis Solutions

Several institutional investors have recently added to or reduced their stakes in the business. Tieton Capital Management LLC raised its holdings in shares of Stabilis Solutions by 2.3% in the second quarter. Tieton Capital Management LLC now owns 167,925 shares of the company’s stock worth $647,000 after buying an additional 3,773 shares during the last quarter. Callahan Advisors LLC acquired a new stake in Stabilis Solutions during the 2nd quarter worth about $109,000. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Stabilis Solutions in the second quarter valued at about $41,000. Institutional investors and hedge funds own 3.81% of the company’s stock.

Stabilis Solutions Stock Up 1.7 %

SLNG traded up $0.08 during trading on Friday, hitting $4.68. The stock had a trading volume of 7,244 shares, compared to its average volume of 5,157. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.63 and a current ratio of 1.64. The company has a market capitalization of $86.98 million, a PE ratio of 153.33 and a beta of 0.75. Stabilis Solutions has a twelve month low of $3.77 and a twelve month high of $5.29. The stock has a 50 day simple moving average of $4.32 and a two-hundred day simple moving average of $4.15.

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.