Enerflex Ltd. (NYSE:EFXT) Sees Large Growth in Short Interest

Enerflex Ltd. (NYSE:EFXT) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,740,000 shares, a growth of 7.4% from the September 15th total of 1,620,000 shares. Based on an average daily trading volume, of 158,100 shares, the days-to-cover ratio is presently 11.0 days. Approximately 1.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Enerflex

Several hedge funds have recently bought and sold shares of EFXT. Acadian Asset Management LLC grew its stake in Enerflex by 17,674.4% during the 2nd quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock worth $81,000 after buying an additional 15,200 shares during the last quarter. Avidian Wealth Solutions LLC purchased a new position in Enerflex during the 1st quarter worth approximately $90,000. Fiera Capital Corp grew its stake in Enerflex by 117.0% during the 2nd quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock worth $134,000 after buying an additional 13,390 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Enerflex by 24.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,303 shares of the company’s stock worth $174,000 after buying an additional 6,325 shares during the last quarter. Finally, Aristides Capital LLC purchased a new position in Enerflex during the 2nd quarter worth approximately $262,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Enerflex Trading Up 1.6 %

Shares of NYSE:EFXT traded up $0.10 on Wednesday, hitting $6.52. 75,215 shares of the company’s stock were exchanged, compared to its average volume of 183,637. Enerflex has a 12 month low of $3.94 and a 12 month high of $6.82. The stock has a market capitalization of $808.77 million, a price-to-earnings ratio of -7.36 and a beta of 2.01. The business’s 50 day simple moving average is $5.90 and its two-hundred day simple moving average is $5.59. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.27 and a quick ratio of 0.93.

Enerflex (NYSE:EFXT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Enerflex had a negative return on equity of 1.86% and a negative net margin of 4.25%. The business had revenue of $614.00 million for the quarter, compared to analysts’ expectations of $554.20 million. Analysts anticipate that Enerflex will post 0.18 EPS for the current fiscal year.

Enerflex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Thursday, August 22nd were paid a $0.018 dividend. This represents a $0.07 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Thursday, August 22nd. Enerflex’s dividend payout ratio (DPR) is presently -7.87%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upped their target price on shares of Enerflex from $8.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, August 9th.

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.