Cool Company Ltd. (NYSE:CLCO) Short Interest Down 21.0% in February

Cool Company Ltd. (NYSE:CLCO) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 472,500 shares, a drop of 21.0% from the February 13th total of 598,000 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily volume of 246,500 shares, the short-interest ratio is currently 1.9 days.

Cool Stock Down 0.8 %

Shares of CLCO stock traded down $0.05 during trading hours on Tuesday, reaching $5.62. 206,161 shares of the company’s stock were exchanged, compared to its average volume of 248,279. The stock has a market cap of $301.54 million, a PE ratio of 8.26 and a beta of 0.64. The company has a current ratio of 0.44, a quick ratio of 0.43 and a debt-to-equity ratio of 1.01. The stock’s fifty day moving average price is $7.38 and its two-hundred day moving average price is $8.97. Cool has a 1 year low of $4.94 and a 1 year high of $13.68.

Wall Street Analyst Weigh In

Separately, Fearnley Fonds cut shares of Cool from a “strong-buy” rating to a “hold” rating in a report on Monday, February 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Apollon Wealth Management LLC grew its holdings in Cool by 93.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 21,639 shares of the company’s stock valued at $244,000 after buying an additional 10,482 shares in the last quarter. Mirabella Financial Services LLP lifted its stake in Cool by 6,596.0% during 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 in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Cool in the third quarter valued at approximately $124,000. Public Employees Retirement System of Ohio acquired a new position in shares of Cool in the third quarter worth $124,000. Finally, Barclays PLC increased its holdings in Cool by 2,551.7% during the 3rd quarter. Barclays PLC now owns 48,791 shares of the company’s stock worth $551,000 after purchasing an additional 46,951 shares during the period. Hedge funds and other institutional investors own 20.66% of the company’s stock.

Cool Company Profile

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.