Greenfire Resources Ltd. (NYSE:GFR) Sees Significant Increase in Short Interest

Greenfire Resources Ltd. (NYSE:GFR) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 63,000 shares, a growth of 140.5% from the February 13th total of 26,200 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 85,800 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GFR. Wexford Capital LP increased its stake in Greenfire Resources by 39.2% in the 4th quarter. Wexford Capital LP now owns 1,092,071 shares of the company’s stock valued at $7,710,000 after buying an additional 307,456 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Greenfire Resources during the fourth quarter worth $100,000. Citadel Advisors LLC lifted its stake in Greenfire Resources by 27.5% in the fourth quarter. Citadel Advisors LLC now owns 79,766 shares of the company’s stock valued at $563,000 after acquiring an additional 17,203 shares during the last quarter. BW Gestao de Investimentos Ltda. lifted its stake in Greenfire Resources by 41.0% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 930,592 shares of the company’s stock valued at $6,570,000 after acquiring an additional 270,773 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Greenfire Resources by 2,839.7% in the 4th quarter. Bank of America Corp DE now owns 79,371 shares of the company’s stock valued at $560,000 after acquiring an additional 76,671 shares during the period. Institutional investors and hedge funds own 88.89% of the company’s stock.

Greenfire Resources Stock Down 2.9 %

Shares of NYSE GFR traded down $0.15 during mid-day trading on Thursday, reaching $4.87. 50,068 shares of the company’s stock were exchanged, compared to its average volume of 78,897. The business has a fifty day simple moving average of $6.45 and a 200 day simple moving average of $6.94. Greenfire Resources has a twelve month low of $4.84 and a twelve month high of $8.16. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $337.96 million, a price-to-earnings ratio of 13.90 and a beta of 0.29.

Greenfire Resources Company Profile

Greenfire Resources Ltd., together with its subsidiaries, engages in the development, exploration, and operation of oil and gas properties in the Athabasca oil sands region of Alberta. The company operates the Tier-1 oil sands assets located in Western Canada. It utilizes steam-assisted gravity drainage (SAGD) extraction technology, a situ thermal oil recovery process to recover diluted and non- diluted bitumen.