Enerflex Ltd. (NYSE:EFXT) Short Interest Update

Enerflex Ltd. (NYSE:EFXT - Get Free Report) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 1,510,000 shares, a growth of 34.8% from the March 31st total of 1,120,000 shares. Currently, 1.2% of the company's shares are sold short. Based on an average daily volume of 406,500 shares, the short-interest ratio is currently 3.7 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reduced their price target on Enerflex from $14.00 to $12.00 and set an "outperform" rating for the company in a report on Thursday, April 17th.

Institutional Investors Weigh In On Enerflex

A number of institutional investors have recently made changes to their positions in EFXT. Canoe Financial LP lifted its holdings in Enerflex by 10.2% during the 4th quarter. Canoe Financial LP now owns 8,276,972 shares of the company's stock worth $82,342,000 after purchasing an additional 768,210 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in Enerflex by 3,307.0% during the 4th 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 during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Enerflex during the fourth quarter worth $43,935,000. Bank of Montreal Can boosted its position in shares of Enerflex by 44.4% in the fourth quarter. Bank of Montreal Can now owns 705,114 shares of the company's stock valued at $7,010,000 after acquiring an additional 216,839 shares during the period. Finally, Two Sigma Investments LP grew its stake in shares of Enerflex by 263.9% in the fourth quarter. Two Sigma Investments LP now owns 659,690 shares of the company's stock valued at $6,564,000 after acquiring an additional 478,407 shares in the last quarter. Institutional investors own 46.47% of the company's stock.

Enerflex Stock Performance

Shares of NYSE:EFXT traded up $0.07 on Friday, hitting $6.76. The company had a trading volume of 311,930 shares, compared to its average volume of 281,153. The stock has a 50 day moving average price of $7.13 and a 200 day moving average price of $8.32. 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 stock has a market cap of $839.25 million, a price-to-earnings ratio of -10.73 and a beta of 1.95. Enerflex has a 1-year low of $4.60 and a 1-year high of $10.61.

Enerflex Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.026 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.10 annualized dividend and a yield of 1.54%. Enerflex's dividend payout ratio is currently 40.00%.

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.

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