Stabilis Solutions, Inc. (NASDAQ:SLNG) Sees Large Drop in Short Interest

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 7,130 shares, a decline of 39.0% from the September 30th total of 11,685 shares. Based on an average daily volume of 26,062 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Stabilis Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

Stabilis Solutions Stock Up 4.4%

Shares of NASDAQ SLNG traded up $0.19 during midday trading on Tuesday, hitting $4.50. 1,119 shares of the company’s stock were exchanged, compared to its average volume of 36,511. The firm’s fifty day simple moving average is $5.16 and its 200-day simple moving average is $4.66. The company has a market cap of $83.70 million, a PE ratio of -10.71 and a beta of -0.24. Stabilis Solutions has a twelve month low of $3.21 and a twelve month high of $7.07. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.59 and a quick ratio of 1.57.

Stabilis Solutions (NASDAQ:SLNG) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.17). The firm had revenue of $11.92 million during the quarter, compared to analyst estimates of $10.84 million. Stabilis Solutions had a negative net margin of 14.06% and a negative return on equity of 12.33%.

Insider Buying and Selling

In related news, Director Edward Kuntz bought 5,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was purchased at an average cost of $5.41 per share, with a total value of $27,050.00. Following the purchase, the director directly owned 74,839 shares of the company’s stock, valued at $404,878.99. This trade represents a 7.16% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 72.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Stabilis Solutions

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Stabilis Solutions during the second quarter worth about $50,000. Susquehanna International Group LLP acquired a new stake in Stabilis Solutions in the 2nd quarter worth about $67,000. Sequoia Financial Advisors LLC grew its holdings in Stabilis Solutions by 11.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 19,464 shares of the company’s stock valued at $79,000 after buying an additional 2,000 shares during the period. Sei Investments Co. grew its holdings in Stabilis Solutions by 128.4% in the 1st quarter. Sei Investments Co. now owns 113,200 shares of the company’s stock valued at $505,000 after buying an additional 63,644 shares during the period. Finally, Bank of America Corp DE acquired a new position in shares of Stabilis Solutions during the 2nd quarter valued at about $558,000. Institutional investors and hedge funds own 3.81% of the company’s stock.

About Stabilis Solutions

Stabilis Solutions, Inc (NASDAQ: SLNG) is an energy company focused on the production, distribution and use of liquefied natural gas (LNG). The company supplies LNG as an alternative fuel for customers that require reliable energy while seeking to reduce their reliance on diesel, fuel oil and other conventional fuels.

Stabilis provides LNG through its production and distribution infrastructure, supported by transportation, storage and fueling capabilities. Its services are designed for a range of applications, including industrial operations, power generation, marine transportation and heavy-duty vehicle fleets.