Cool Company Ltd. (NYSE:CLCO) Short Interest Up 70.6% in October

Cool Company Ltd. (NYSE:CLCO - Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 95,200 shares, a growth of 70.6% from the September 30th total of 55,800 shares. Based on an average daily volume of 237,800 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.5% of the company's stock are sold short. Currently, 0.5% of the company's stock are sold short. Based on an average daily volume of 237,800 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. B. Riley cut Cool from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 24th. Weiss Ratings reissued a "hold (c-)" rating on shares of Cool in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered Cool from a "hold" rating to a "sell" rating in a research note on Friday, September 26th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

View Our Latest Research Report on CLCO

Institutional Investors Weigh In On Cool

An institutional investor recently bought a new position in Cool stock. ABC Arbitrage SA bought a new position in Cool Company Ltd. (NYSE:CLCO - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 15,084 shares of the company's stock, valued at approximately $82,000. Institutional investors and hedge funds own 20.66% of the company's stock.

Cool Trading Down 0.0%

Shares of NYSE CLCO traded down $0.00 during midday trading on Friday, hitting $9.65. The company's stock had a trading volume of 89,665 shares, compared to its average volume of 444,324. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 1.68. The business's 50 day moving average is $8.79 and its two-hundred day moving average is $7.42. Cool has a 12-month low of $4.51 and a 12-month high of $10.86. The firm has a market cap of $518.10 million, a P/E ratio of 56.75 and a beta of 0.70.

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.

Featured Stories

• Five stocks we like better than Cool
• How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
• ABBV Stock: $250 May Be the New Floor After Big Q3 Earnings Beat
• Bank Stocks - Best Bank Stocks to Invest In
• Super Micro's Moment of Truth: A Growth Story Under Pressure
• Which Wall Street Analysts are the Most Accurate?
• Palantir Breaks Out: Why PLTR Stock May Rally Into Year-End

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Cool Right Now?

Before you consider Cool, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cool wasn't on the list.

While Cool currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here