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

Stabilis Solutions, Inc. (NASDAQ:SLNG) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 2,800 shares, a drop of 47.2% from the September 15th total of 5,300 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is currently 0.5 days.

Stabilis Solutions Price Performance

NASDAQ SLNG remained flat at $4.59 during trading hours on Friday. The company had a trading volume of 417 shares, compared to its average volume of 4,740. Stabilis Solutions has a one year low of $3.77 and a one year high of $5.29. The company has a quick ratio of 1.63, a current ratio of 1.64 and a debt-to-equity ratio of 0.12. The stock has a market cap of $85.28 million, a P/E ratio of 30.60 and a beta of 0.75. The business’s 50-day moving average is $4.22 and its 200-day moving average is $4.12.

Hedge Funds Weigh In On Stabilis Solutions

Several hedge funds have recently modified their holdings of SLNG. Callahan Advisors LLC bought a new stake in Stabilis Solutions in the 2nd quarter valued at $109,000. Dimensional Fund Advisors LP purchased a new stake in shares of Stabilis Solutions in the second quarter worth about $41,000. Finally, Tieton Capital Management LLC boosted its stake in Stabilis Solutions by 2.3% during the second quarter. Tieton Capital Management LLC now owns 167,925 shares of the company’s stock valued at $647,000 after buying an additional 3,773 shares during the last quarter. Hedge funds and other institutional investors own 3.81% of the company’s stock.

About Stabilis Solutions

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.