Greenfire Resources Ltd. (NYSE:GFR) Short Interest Up 48.9% in February

Greenfire Resources Ltd. (NYSE:GFR) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 26,200 shares, a growth of 48.9% from the January 31st total of 17,600 shares. Based on an average daily trading volume, of 85,600 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Greenfire Resources Stock Performance

Greenfire Resources stock traded down $0.37 during mid-day trading on Tuesday, reaching $5.22. The company’s stock had a trading volume of 429,824 shares, compared to its average volume of 76,066. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30. Greenfire Resources has a twelve month low of $4.86 and a twelve month high of $8.16. The business has a 50 day moving average price of $6.71 and a 200-day moving average price of $7.03. The firm has a market cap of $362.28 million, a price-to-earnings ratio of 14.90 and a beta of 0.28.

Hedge Funds Weigh In On Greenfire Resources

Institutional investors have recently made changes to their positions in the stock. Wexford Capital LP lifted its holdings in shares of Greenfire Resources by 39.2% in the 4th quarter. Wexford Capital LP now owns 1,092,071 shares of the company’s stock worth $7,710,000 after purchasing an additional 307,456 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Greenfire Resources in 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 buying an additional 17,203 shares during the last quarter. BW Gestao de Investimentos Ltda. boosted its holdings in shares of Greenfire Resources by 41.0% during 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 period. Finally, Bank of America Corp DE grew its position in shares of Greenfire Resources by 2,839.7% during the fourth quarter. Bank of America Corp DE now owns 79,371 shares of the company’s stock worth $560,000 after acquiring an additional 76,671 shares during the last quarter. 88.89% of the stock is owned by institutional investors.

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.