Cool Company Ltd. (NYSE:CLCO) Short Interest Down 21.0% in February

Cool Company Ltd. (NYSE:CLCO) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 472,500 shares, a drop of 21.0% from the February 13th total of 598,000 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average trading volume of 246,500 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Trading of Cool

Large investors have recently added to or reduced their stakes in the business. Mirabella Financial Services LLP boosted its position in shares of Cool by 6,596.0% during the 3rd quarter. Mirabella Financial Services LLP now owns 4,017,612 shares of the company’s stock valued at $45,274,000 after purchasing an additional 3,957,612 shares in the last quarter. Barclays PLC grew its holdings in shares of Cool by 2,551.7% during the third quarter. Barclays PLC now owns 48,791 shares of the company’s stock valued at $551,000 after buying an additional 46,951 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Cool in the 4th quarter valued at about $94,000. Quadrature Capital Ltd purchased a new stake in Cool in the 3rd quarter worth approximately $124,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Cool during the third quarter worth $124,000. 20.66% of the stock is currently owned by institutional investors and hedge funds.

Cool Stock Down 0.8 %

CLCO traded down $0.05 on Tuesday, reaching $5.62. The company’s stock had a trading volume of 206,161 shares, compared to its average volume of 248,279. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.44 and a quick ratio of 0.43. Cool has a 1 year low of $4.94 and a 1 year high of $13.68. The business’s 50 day moving average is $7.38 and its 200 day moving average is $8.97. The stock has a market cap of $301.54 million, a price-to-earnings ratio of 8.26 and a beta of 0.64.

Wall Street Analyst Weigh In

Separately, Fearnley Fonds lowered Cool from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 17th.

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.