FLEX LNG Ltd. (NYSE:FLNG) Short Interest Up 9.9% in January

FLEX LNG Ltd. (NYSE:FLNG - Get Free Report) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 2,110,000 shares, an increase of 9.9% from the January 15th total of 1,920,000 shares. Currently, 7.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 438,300 shares, the short-interest ratio is currently 4.8 days.

FLEX LNG Trading Down 7.0 %

Shares of FLNG traded down $1.73 during trading hours on Thursday, hitting $22.95. The stock had a trading volume of 727,137 shares, compared to its average volume of 473,201. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.96 and a current ratio of 2.99. The firm has a market cap of $1.24 billion, a P/E ratio of 10.53 and a beta of 0.70. The company's fifty day simple moving average is $24.22 and its 200 day simple moving average is $25.00. FLEX LNG has a 12-month low of $20.85 and a 12-month high of $30.48.

FLEX LNG (NYSE:FLNG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. FLEX LNG had a return on equity of 15.61% and a net margin of 33.03%. During the same period last year, the company posted $0.70 EPS. Equities research analysts forecast that FLEX LNG will post 1.9 EPS for the current fiscal year.

FLEX LNG Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Thursday, February 20th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 13.07%. The ex-dividend date is Thursday, February 20th. FLEX LNG's dividend payout ratio (DPR) is presently 137.61%.

Analysts Set New Price Targets

Several analysts have issued reports on FLNG shares. Fearnley Fonds raised shares of FLEX LNG to a "hold" rating in a report on Monday. Jefferies Financial Group reaffirmed a "hold" rating and issued a $23.00 price target on shares of FLEX LNG in a report on Tuesday, February 4th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its position in FLEX LNG by 465.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company's stock valued at $26,000 after purchasing an additional 941 shares during the period. Financial Life Planners purchased a new position in FLEX LNG in the fourth quarter valued at about $29,000. WFA Asset Management Corp raised its position in FLEX LNG by 106.8% in the fourth quarter. WFA Asset Management Corp now owns 2,068 shares of the company's stock valued at $47,000 after purchasing an additional 1,068 shares during the period. Steward Partners Investment Advisory LLC raised its position in FLEX LNG by 27.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,588 shares of the company's stock valued at $59,000 after purchasing an additional 558 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in FLEX LNG in the fourth quarter valued at about $75,000.

About FLEX LNG

FLEX LNG Ltd. engages in the seaborne transportation of liquefied natural gas (LPG) through the ownership and operation of LNG carriers. The company was founded by Philip Eystein Fjeld, Trym Tveitnes and Jostein Ueland in September 2006 and is headquartered in Hamilton, Bermuda.