Stabilis Solutions, Inc. (NASDAQ:SLNG) Short Interest Up 36.9% in October

Stabilis Solutions, Inc. (NASDAQ:SLNG) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 15,200 shares, an increase of 36.9% from the October 15th total of 11,100 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 7,300 shares, the days-to-cover ratio is currently 2.1 days.

Stabilis Solutions Price Performance

Shares of NASDAQ SLNG traded up $0.25 during midday trading on Friday, reaching $4.85. The company’s stock had a trading volume of 13,398 shares, compared to its average volume of 5,394. The company has a market cap of $90.02 million, a price-to-earnings ratio of 23.07 and a beta of 0.78. Stabilis Solutions has a one year low of $3.77 and a one year high of $5.23. The company has a current ratio of 1.24, a quick ratio of 1.63 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average price of $4.48 and a 200 day moving average price of $4.20.

Institutional Investors Weigh In On Stabilis Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP acquired a new position in Stabilis Solutions during the 2nd quarter valued at $41,000. Callahan Advisors LLC bought a new position in shares of Stabilis Solutions during the 2nd quarter worth about $109,000. Finally, Tieton Capital Management LLC raised its position in shares of 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. 3.81% of the stock is owned by institutional investors and hedge funds.

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.