Short Interest Update on Golar LNG Limited (GLNG)

Golar LNG Limited (GLNG) : The traders have covered their outstanding shorts in Golar LNG Limited (GLNG) to the tune of -429,083 shares, a change of -3%. As on Jul 29, 2016, the outstanding shorts on the stock were 14,330,542 shares, however, by August 15, 2016, the shorts had reduced to 13,901,459 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 15.8% of the free float of the stock. It takes 9 days to cover the outstanding short positions. The stock has an average daily volume of 1,512,530 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Golar LNG Limited (NASDAQ:GLNG): The stock opened at $20.51 on Wednesday but the bulls could not build on the opening and the stock topped out at $21.25 for the day. The stock traded down to $20.07 during the day, due to lack of any buying support eventually closed down at $20.12 with a loss of -2.38% for the day. The stock had closed at $20.61 on the previous day. The total traded volume was 1,897,142 shares.


Golar LNG Limited (Golar) is the owner and operator of liquefied natural gas (LNG) carriers and floating storage regasification units (FSRUs). As of March 31, 2010, Golar had a fleet of 13 vessels, 10 LNG carriers, three FSRUs and a 50% interest in a further LNG carrier. On June 22, 2009, the Company formed a wholly owned subsidiary, Golar LNG Energy Limited (Golar Energy). As of December 31, 2009, it owned 73.8% of Golar Energy. Golar Energy specializes in the acquisition, ownership, operation and chartering of FSRUs and the development of liquefaction projects. In 2011, the Company made the following acquisitions: Golar LNG Energy Limited (July), a floating storage and regasification unit Golar Freeze (October). On January 23, 2012, the Company acquired a Moss type carrier, namely LNG Carrier Gandria. On July 19, 2012, it sold its interest in the companies owning and operating the Nusantara Tegas Satu FSRU.

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