Greenfire Resources Ltd. (NYSE:GFR) Sees Large Decrease in Short Interest

Greenfire Resources Ltd. (NYSE:GFR) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 45,900 shares, a decline of 21.0% from the December 31st total of 58,100 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 107,100 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Greenfire Resources

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in shares of Greenfire Resources during the third quarter worth $29,000. The Manufacturers Life Insurance Company acquired a new position in shares of Greenfire Resources during the third quarter worth $82,000. Jane Street Group LLC acquired a new position in Greenfire Resources in the third quarter valued at $111,000. Walleye Capital LLC acquired a new position in Greenfire Resources in the third quarter valued at $278,000. Finally, Renaissance Technologies LLC acquired a new position in Greenfire Resources in the second quarter valued at $491,000. Institutional investors and hedge funds own 88.89% of the company’s stock.

Greenfire Resources Trading Down 1.0 %

Shares of NYSE:GFR traded down $0.07 during mid-day trading on Thursday, reaching $6.53. 30,465 shares of the company’s stock were exchanged, compared to its average volume of 62,152. The firm has a market capitalization of $453.29 million, a price-to-earnings ratio of 18.64 and a beta of 0.30. The business’s fifty day moving average price is $6.96 and its 200-day moving average price is $7.13. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.58 and a current ratio of 0.67. Greenfire Resources has a twelve month low of $4.68 and a twelve month high of $8.16.

About Greenfire Resources

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.