Enerflex Ltd. (NYSE:EFXT) Short Interest Up 31.7% in January

Enerflex Ltd. (NYSE:EFXT - Get Free Report) was the target of a significant growth in short interest in 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. Approximately 1.1% of the company's stock are short sold. Based on an average daily volume of 420,900 shares, the days-to-cover ratio is currently 3.2 days.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Two Sigma Advisers LP grew its position in shares of Enerflex by 74.4% in the fourth quarter. Two Sigma Advisers LP now owns 484,344 shares of the company's stock valued at $4,819,000 after purchasing an additional 206,559 shares in the last quarter. Two Sigma Investments LP grew its holdings in Enerflex by 263.9% in the 4th quarter. Two Sigma Investments LP now owns 659,690 shares of the company's stock valued at $6,564,000 after buying an additional 478,407 shares in the last quarter. Toronto Dominion Bank acquired a new stake in shares of Enerflex in the 4th quarter worth $208,000. Millennium Management LLC raised its holdings in shares of Enerflex by 1,158.8% during the 4th quarter. Millennium Management LLC now owns 250,786 shares of the company's stock worth $2,495,000 after acquiring an additional 230,864 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in shares of Enerflex in the fourth quarter valued at about $82,000. 46.47% of the stock is owned by institutional investors and hedge funds.

Enerflex Price Performance

Shares of EFXT stock traded up $0.11 during mid-day trading on Tuesday, hitting $9.27. 284,259 shares of the stock were exchanged, compared to its average volume of 419,624. Enerflex has a 52-week low of $4.59 and a 52-week high of $10.61. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The company has a market cap of $1.15 billion, a PE ratio of -14.71 and a beta of 2.01. The firm has a fifty day moving average of $9.81 and a 200 day moving average of $7.79.

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.