Golar LNG Limited (NASDAQ:GLNG) Short Interest Update

Golar LNG Limited (NASDAQ:GLNG) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 3,140,000 shares, a growth of 33.1% from the November 15th total of 2,360,000 shares. Currently, 3.4% of the shares of the company are sold short. Based on an average daily trading volume, of 1,280,000 shares, the short-interest ratio is presently 2.5 days.

Golar LNG Price Performance

Shares of Golar LNG stock traded down $0.11 during trading on Friday, reaching $43.48. The company’s stock had a trading volume of 1,234,095 shares, compared to its average volume of 1,219,009. The business has a 50 day moving average price of $38.34 and a 200-day moving average price of $34.42. Golar LNG has a 12-month low of $19.94 and a 12-month high of $44.04. The company has a market capitalization of $4.54 billion, a P/E ratio of 310.57 and a beta of 0.61. The company has a quick ratio of 1.28, a current ratio of 1.55 and a debt-to-equity ratio of 0.41.

Golar LNG Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 25th were issued a $0.25 dividend. The ex-dividend date was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.30%. Golar LNG’s dividend payout ratio is presently 714.29%.

Institutional Trading of Golar LNG

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new position in Golar LNG in the third quarter valued at about $32,000. Blue Trust Inc. grew its holdings in shares of Golar LNG by 105.1% in the 3rd quarter. Blue Trust Inc. now owns 1,372 shares of the shipping company’s stock worth $50,000 after acquiring an additional 703 shares during the period. Sound Income Strategies LLC purchased a new position in Golar LNG in the 3rd quarter valued at approximately $52,000. CWM LLC raised its holdings in Golar LNG by 830.9% during the third quarter. CWM LLC now owns 1,657 shares of the shipping company’s stock worth $61,000 after purchasing an additional 1,479 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Golar LNG by 206.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the shipping company’s stock worth $54,000 after purchasing an additional 1,163 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com upgraded Golar LNG to a “sell” rating in a research note on Monday, December 9th. Fearnley Fonds lowered shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Golar LNG has a consensus rating of “Moderate Buy” and a consensus target price of $49.63.

About Golar LNG

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.