Thu Sep 19 08:22:08 UTC 2024: ## Golar LNG Short Interest Drops as Institutional Investors Show Confidence

**New York, NY** – Golar LNG Limited (NASDAQ: GLNG), a leading provider of marine infrastructure for natural gas liquefaction, saw a significant decrease in short interest during August. According to data released by MarketBeat News, short interest fell by 6.7% to 3,620,000 shares as of August 31st, signaling potential investor confidence in the company.

This decline in short interest comes alongside a period of active institutional investment. CenterBook Partners LP, Vanguard Group Inc., 1492 Capital Management LLC, Capstone Investment Advisors LLC, and Denali Advisors LLC have all recently increased their holdings in Golar LNG, with institutional investors now owning 92.21% of the company’s stock.

While Golar LNG missed analysts’ earnings estimates in its most recent quarterly report, the company’s strong net margin and return on equity demonstrate its financial resilience. Golar LNG’s stock opened at $32.60 on Thursday, trading within its 52-week range of $19.94 to $36.52.

Despite a “sell” rating from StockNews.com, several other brokerages maintain a bullish outlook on Golar LNG. B. Riley, Stifel Nicolaus, BTIG Research, and Deutsche Bank Aktiengesellschaft have all recently raised their price targets for the stock, with the consensus price target currently at $45.10.

Golar LNG’s commitment to innovation, combined with strong institutional backing and a positive outlook from analysts, suggests a promising future for the company. Investors will be closely watching Golar LNG’s progress as it navigates the evolving landscape of the global natural gas market.

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