Golar LNG Limited (NASDAQ:GLNG) Short Interest Update

Golar LNG Limited (NASDAQ:GLNG) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 3,060,000 shares, an increase of 29.1% from the March 31st total of 2,370,000 shares. Based on an average daily trading volume, of 1,190,000 shares, the short-interest ratio is presently 2.6 days. Approximately 3.1% of the shares of the stock are short sold.

Golar LNG Stock Down 0.6 %

Shares of Golar LNG stock opened at $24.95 on Tuesday. Golar LNG has a 12 month low of $19.62 and a 12 month high of $25.90. The business has a fifty day simple moving average of $23.54 and a 200 day simple moving average of $22.71. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.34. The stock has a market cap of $2.61 billion, a PE ratio of -58.02 and a beta of 0.61.

Golar LNG (NASDAQ:GLNG) last announced its quarterly earnings results on Thursday, February 29th. The shipping company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.40. Golar LNG had a negative net margin of 15.68% and a positive return on equity of 11.67%. The company had revenue of $78.65 million for the quarter, compared to analysts’ expectations of $76.85 million. Research analysts predict that Golar LNG will post 1.66 EPS for the current year.

Golar LNG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Tuesday, March 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Monday, March 11th. Golar LNG’s payout ratio is -232.55%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Golar LNG from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Exchange Traded Concepts LLC acquired a new stake in Golar LNG in the 3rd quarter valued at about $32,000. Headlands Technologies LLC acquired a new position in shares of Golar LNG during the 4th quarter worth approximately $117,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Golar LNG by 26,805.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,112 shares of the shipping company’s stock valued at $118,000 after acquiring an additional 5,093 shares in the last quarter. Cetera Trust Company N.A bought a new stake in Golar LNG during the fourth quarter worth about $133,000. Finally, Aigen Investment Management LP bought a new stake in shares of Golar LNG during the 3rd quarter worth approximately $201,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

About Golar LNG

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