Short Interest in Enerflex Ltd. (NYSE:EFXT) Grows By 31.7%

Enerflex Ltd. (NYSE:EFXT) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 1,330,000 shares, an increase of 31.7% from the January 15th total of 1,010,000 shares. Based on an average trading volume of 420,900 shares, the days-to-cover ratio is currently 3.2 days. Approximately 1.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised their price target on Enerflex from $9.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday, November 15th.

Institutional Trading of Enerflex

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hillsdale Investment Management Inc. boosted its holdings in Enerflex by 3,307.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 4,895,901 shares of the company’s stock worth $48,685,000 after buying an additional 4,752,201 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Enerflex during the fourth quarter worth $43,935,000. Canoe Financial LP boosted its holdings in Enerflex by 10.2% during the fourth quarter. Canoe Financial LP now owns 8,276,972 shares of the company’s stock worth $82,342,000 after buying an additional 768,210 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Enerflex during the fourth quarter worth $5,871,000. Finally, Taconic Capital Advisors LP boosted its holdings in Enerflex by 35.6% during the third quarter. Taconic Capital Advisors LP now owns 1,771,800 shares of the company’s stock worth $10,559,000 after buying an additional 465,000 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Stock Performance

Shares of NYSE:EFXT traded up $0.04 during midday trading on Friday, reaching $9.17. The company’s stock had a trading volume of 327,479 shares, compared to its average volume of 368,434. Enerflex has a twelve month low of $4.59 and a twelve month high of $10.61. The stock has a fifty day moving average of $9.81 and a 200 day moving average of $7.75. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.