Stabilis Solutions, Inc. (NASDAQ:SLNG) Short Interest Up 1,872.7% in March

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 43,400 shares, a growth of 1,872.7% from the February 28th total of 2,200 shares. Based on an average daily volume of 32,800 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.3% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Maxim Group began coverage on Stabilis Solutions in a research report on Monday, February 10th. They issued a “buy” rating and a $12.00 target price on the stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Tieton Capital Management LLC raised its position in 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 purchasing an additional 42,475 shares during the period. Northern Trust Corp raised its holdings in Stabilis Solutions by 82.9% during the 4th quarter. Northern Trust Corp now owns 39,879 shares of the company’s stock valued at $213,000 after buying an additional 18,077 shares during the period. Dimensional Fund Advisors LP lifted its position in Stabilis Solutions by 12.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,310 shares of the company’s stock worth $77,000 after buying an additional 1,531 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Stabilis Solutions during the fourth quarter worth $56,000. Finally, Ancora Advisors LLC bought a new position in Stabilis Solutions during the fourth quarter valued at $36,000. Institutional investors own 3.81% of the company’s stock.

Stabilis Solutions Price Performance

NASDAQ SLNG opened at $5.07 on Friday. The stock has a 50 day moving average price of $6.23 and a 200-day moving average price of $5.42. Stabilis Solutions has a one year low of $3.77 and a one year 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 company has a market capitalization of $94.28 million, a P/E ratio of 24.14 and a beta of 0.93.

Stabilis Solutions (NASDAQ:SLNG) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.11 earnings per share (EPS) for the quarter. Stabilis Solutions had a net margin of 5.29% and a return on equity of 6.16%. The company had revenue of $17.30 million for the quarter.

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.