Short Interest in Greenfire Resources Ltd. (NYSE:GFR) Increases By 48.9%

Greenfire Resources Ltd. (NYSE:GFR) was the recipient of a large growth in short interest in the month of 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 short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company acquired a new position in shares of Greenfire Resources in the 3rd quarter valued at approximately $82,000. FMR LLC bought a new stake in shares of Greenfire Resources in the third quarter worth $3,234,000. Walleye Capital LLC acquired a new stake in Greenfire Resources in the third quarter valued at $278,000. Wexford Capital LP bought a new position in Greenfire Resources during the 3rd quarter valued at $5,845,000. Finally, Jane Street Group LLC acquired a new position in Greenfire Resources during the 3rd quarter worth $111,000. Hedge funds and other institutional investors own 88.89% of the company’s stock.

Greenfire Resources Stock Down 6.5 %

NYSE:GFR traded down $0.37 on Tuesday, reaching $5.22. The stock had a trading volume of 429,824 shares, compared to its average volume of 76,066. The company has a 50-day moving average of $6.71 and a 200 day moving average of $7.03. 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 stock has a market cap of $362.28 million, a P/E ratio of 14.90 and a beta of 0.28. Greenfire Resources has a 12-month low of $4.86 and a 12-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.