Golar LNG Limited (NASDAQ:GLNG) Sees Significant Decrease in Short Interest

Golar LNG Limited (NASDAQ:GLNG) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 3,950,000 shares, a decline of 7.5% from the January 15th total of 4,270,000 shares. Based on an average daily trading volume, of 1,310,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 4.2% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GLNG shares. StockNews.com raised shares of Golar LNG to a “sell” rating in a research report on Monday, December 9th. Stifel Nicolaus raised their price objective on Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Finally, Fearnley Fonds cut Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $50.13.

Golar LNG Trading Up 0.3 %

Shares of Golar LNG stock traded up $0.11 during trading on Tuesday, reaching $40.81. The company’s stock had a trading volume of 566,145 shares, compared to its average volume of 1,052,840. The company has a 50-day moving average price of $41.68 and a two-hundred day moving average price of $37.81. Golar LNG has a fifty-two week low of $19.94 and a fifty-two week high of $44.36. The firm has a market cap of $4.26 billion, a PE ratio of 291.52 and a beta of 0.55.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Summit Investment Advisors Inc. grew its holdings in shares of Golar LNG by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,354 shares of the shipping company’s stock worth $438,000 after buying an additional 328 shares during the last quarter. Mariner LLC lifted its position in Golar LNG by 7.4% during the 4th quarter. Mariner LLC now owns 5,995 shares of the shipping company’s stock worth $254,000 after acquiring an additional 414 shares during the period. Kingswood Wealth Advisors LLC grew its stake in shares of Golar LNG by 5.0% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 10,500 shares of the shipping company’s stock valued at $444,000 after purchasing an additional 500 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of Golar LNG by 9.8% in the fourth quarter. Metis Global Partners LLC now owns 5,996 shares of the shipping company’s stock valued at $254,000 after purchasing an additional 534 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Golar LNG by 105.1% during the third quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock worth $50,000 after purchasing an additional 703 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Golar LNG Company Profile

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.