Enerflex Ltd. (NYSE:EFXT) Short Interest Update

Enerflex Ltd. (NYSE:EFXT) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 1,330,000 shares, a growth of 31.7% from the January 15th total of 1,010,000 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average trading volume of 420,900 shares, the short-interest ratio is presently 3.2 days.

Enerflex Stock Up 0.4 %

Shares of EFXT traded up $0.04 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 company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. The firm has a fifty day moving average of $9.81 and a 200-day moving average of $7.75.

Institutional Trading of Enerflex

Institutional investors and hedge funds have recently bought and sold shares of the company. Net Worth Advisory Group purchased a new position in Enerflex in the 3rd quarter worth $146,000. International Assets Investment Management LLC purchased a new position in Enerflex during the 3rd quarter valued at about $730,000. Avidian Wealth Enterprises LLC lifted its position in Enerflex by 15.0% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 76,413 shares of the company’s stock valued at $455,000 after acquiring an additional 9,975 shares during the period. PCJ Investment Counsel Ltd. lifted its position in Enerflex by 14.1% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 1,237,750 shares of the company’s stock valued at $7,376,000 after acquiring an additional 152,990 shares during the period. Finally, Scheer Rowlett & Associates Investment Management Ltd. raised its holdings in Enerflex by 3.0% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,036,274 shares of the company’s stock worth $6,175,000 after buying an additional 29,830 shares during the last quarter. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Royal Bank of Canada boosted their price objective on shares of Enerflex from $9.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, November 15th.

About Enerflex

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.