Golar LNG Limited (NASDAQ:GLNG) Short Interest Up 33.1% in November

Golar LNG Limited (NASDAQ:GLNG) was the recipient 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. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 3.4% of the shares of the company are short sold.

Golar LNG Trading Down 0.3 %

Golar LNG stock traded down $0.11 during midday trading on Friday, reaching $43.48. The stock had a trading volume of 1,234,095 shares, compared to its average volume of 1,219,009. The company has a quick ratio of 1.28, a current ratio of 1.55 and a debt-to-equity ratio of 0.41. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 310.57 and a beta of 0.61. Golar LNG has a 52-week low of $19.94 and a 52-week high of $44.04. The company has a fifty day moving average of $38.34 and a 200 day moving average of $34.49.

Golar LNG Dividend Announcement

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

Hedge Funds Weigh In On Golar LNG

Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its stake in shares of Golar LNG by 11.7% during the second quarter. Bank of New York Mellon Corp now owns 348,526 shares of the shipping company’s stock valued at $10,926,000 after acquiring an additional 36,389 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in Golar LNG during the 2nd quarter valued at $508,000. Pinnacle Associates Ltd. lifted its holdings in shares of Golar LNG by 4.4% in the 2nd quarter. Pinnacle Associates Ltd. now owns 1,500,628 shares of the shipping company’s stock worth $47,045,000 after buying an additional 63,180 shares during the period. Banque Cantonale Vaudoise grew its position in shares of Golar LNG by 11.1% during the 2nd quarter. Banque Cantonale Vaudoise now owns 4,185 shares of the shipping company’s stock worth $132,000 after buying an additional 417 shares in the last quarter. Finally, Range Financial Group LLC purchased a new position in shares of Golar LNG during the second quarter valued at $1,669,000. Institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on GLNG. Fearnley Fonds cut shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. StockNews.com raised Golar LNG to a “sell” rating in a research note on Monday, December 9th. 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 stock. According to MarketBeat.com, Golar LNG presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.63.

Golar LNG Company Profile

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.