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

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CLCO. Mirabella Financial Services LLP increased its stake in shares of Cool by 6,596.0% in the third quarter. Mirabella Financial Services LLP now owns 4,017,612 shares of the company’s stock valued at $45,274,000 after buying an additional 3,957,612 shares during the period. Barclays PLC boosted its holdings in Cool by 2,551.7% in the third quarter. Barclays PLC now owns 48,791 shares of the company’s stock valued at $551,000 after acquiring an additional 46,951 shares during the last quarter. XTX Topco Ltd bought a new stake in Cool in the fourth quarter valued at approximately $94,000. Quadrature Capital Ltd bought a new stake in Cool in the third quarter valued at approximately $124,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Cool in the third quarter valued at approximately $124,000. Institutional investors and hedge funds own 20.66% of the company’s stock.

Cool Trading Up 4.3 %

Shares of Cool stock traded up $0.24 on Monday, hitting $5.78. The stock had a trading volume of 62,103 shares, compared to its average volume of 251,152. The stock has a 50 day moving average of $7.49 and a 200 day moving average of $9.05. Cool has a twelve month low of $4.94 and a twelve month high of $13.68. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.43 and a current ratio of 0.44. The firm has a market capitalization of $310.40 million, a P/E ratio of 8.50 and a beta of 0.64.

About Cool

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.