Cool Company Ltd. (NYSE:CLCO – Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 568,700 shares, a growth of 426.6% from the August 31st total of 108,000 shares. Based on an average daily volume of 221,000 shares, the short-interest ratio is currently 2.6 days. Approximately 2.6% of the company’s stock are short sold.
Hedge Funds Weigh In On Cool
A number of institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in shares of Cool during the first quarter worth approximately $50,000. Seelaus Asset Management LLC acquired a new stake in Cool in the 1st quarter worth $115,000. Hosking Partners LLP bought a new position in shares of Cool during the 1st quarter worth about $12,124,000. Susquehanna International Group Ltd. bought a new position in shares of Cool during the 1st quarter worth about $275,000. Finally, Donald Smith & CO. Inc. raised its position in shares of Cool by 58.6% during the first quarter. Donald Smith & CO. Inc. now owns 3,214,826 shares of the company’s stock valued at $35,749,000 after buying an additional 1,187,651 shares during the last quarter. Institutional investors own 20.66% of the company’s stock.
Cool Stock Performance
Shares of CLCO traded down $0.04 during midday trading on Friday, reaching $11.34. 105,650 shares of the stock were exchanged, compared to its average volume of 232,213. The firm has a 50 day simple moving average of $11.54 and a 200-day simple moving average of $11.54. Cool has a 12-month low of $10.07 and a 12-month high of $13.94. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.00.
Cool Dividend Announcement
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.
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