Stabilis Solutions, Inc. (NASDAQ:SLNG) Short Interest Up 123.2% in June

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 36,245 shares, a growth of 123.2% from the May 31st total of 16,236 shares. Based on an average daily volume of 87,173 shares, the short-interest ratio is currently 0.4 days. Currently, 0.7% of the company’s stock are sold short.

Stabilis Solutions Stock Performance

SLNG opened at $4.01 on Tuesday. The company has a market capitalization of $74.59 million, a price-to-earnings ratio of -20.05 and a beta of -0.27. The business’s 50-day moving average price is $4.14 and its two-hundred day moving average price is $4.47. Stabilis Solutions has a 1 year low of $3.21 and a 1 year high of $6.36. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.93 and a quick ratio of 0.92.

Stabilis Solutions (NASDAQ:SLNG) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.18). The firm had revenue of $10.38 million for the quarter, compared to analyst estimates of $12.34 million. Stabilis Solutions had a negative return on equity of 5.85% and a negative net margin of 6.25%.

Insider Buying and Selling at Stabilis Solutions

In other Stabilis Solutions news, Director Edward L. Kuntz acquired 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $3.89 per share, for a total transaction of $29,175.00. Following the transaction, the director owned 69,839 shares of the company’s stock, valued at $271,673.71. This trade represents a 12.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders bought 9,667 shares of company stock worth $37,136. Insiders own 72.20% of the company’s stock.

Institutional Investors Weigh In On Stabilis Solutions

Several institutional investors have recently bought and sold shares of SLNG. Sei Investments Co. boosted its position in Stabilis Solutions by 128.4% during the 1st quarter. Sei Investments Co. now owns 113,200 shares of the company’s stock worth $505,000 after acquiring an additional 63,644 shares during the last quarter. Ancora Advisors LLC raised its holdings in shares of Stabilis Solutions by 32.3% in the third quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock valued at $370,000 after purchasing an additional 20,718 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Stabilis Solutions by 30.2% in the fourth quarter. Russell Investments Group Ltd. now owns 74,247 shares of the company’s stock valued at $338,000 after purchasing an additional 17,213 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of Stabilis Solutions by 37.7% in the third quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock worth $83,000 after purchasing an additional 5,238 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Stabilis Solutions by 13.5% in the third quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock worth $81,000 after purchasing an additional 2,207 shares in the last quarter. Institutional investors own 3.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SLNG. Maxim Group lowered shares of Stabilis Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Stabilis Solutions in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Stabilis Solutions has a consensus rating of “Reduce” and a consensus price target of $10.00.

Stabilis Solutions Company Profile

Stabilis Solutions (NASDAQ: SLNG) is a U.S.-based marketer and distributor of cryogenic liquid products and liquefied natural gas (LNG). The company operates a nationwide network of terminals and bulk delivery assets, supplying industrial gases such as liquid oxygen, nitrogen and argon, as well as specialty products including carbon dioxide and hydrogen. Stabilis Solutions serves a broad array of end markets—from food and beverage processing to environmental applications and power generation—by ensuring a reliable chain of custody from production to point of use.

In addition to its cryogenic gas portfolio, Stabilis Solutions has developed a growing LNG business, providing clean-fuel solutions for heavy-duty transportation and on-site energy needs.