Greenfire Resources Ltd. (NYSE:GFR) Short Interest Update

Greenfire Resources Ltd. (NYSE:GFR) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 344,239 shares, a drop of 50.6% from the December 15th total of 696,463 shares. Based on an average daily trading volume, of 183,428 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.6% of the shares of the stock are short sold. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 183,428 shares, the days-to-cover ratio is currently 1.9 days.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Greenfire Resources to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Greenfire Resources in a report on Monday, December 29th. Finally, BMO Capital Markets cut shares of Greenfire Resources from an “outperform” rating to a “market perform” rating in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Greenfire Resources has a consensus rating of “Reduce”.

Greenfire Resources Stock Down 2.1%

NYSE:GFR traded down $0.10 during trading hours on Thursday, hitting $4.97. 62,754 shares of the company’s stock traded hands, compared to its average volume of 163,487. The stock’s fifty day moving average price is $4.78 and its two-hundred day moving average price is $4.72. The firm has a market cap of $344.99 million, a P/E ratio of 3.68 and a beta of 0.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.05 and a current ratio of 2.27. Greenfire Resources has a twelve month low of $3.81 and a twelve month high of $7.34.

Institutional Trading of Greenfire Resources

Several institutional investors have recently made changes to their positions in GFR. FNY Investment Advisers LLC grew its position in Greenfire Resources by 98.8% during the second quarter. FNY Investment Advisers LLC now owns 33,061 shares of the company’s stock valued at $147,000 after purchasing an additional 16,428 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Greenfire Resources during the 3rd quarter valued at $91,000. Beverly Hills Private Wealth LLC boosted its stake in shares of Greenfire Resources by 116.7% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 79,902 shares of the company’s stock valued at $356,000 after buying an additional 43,025 shares during the period. Louisbourg Investments Inc. grew its holdings in shares of Greenfire Resources by 10.3% during the 3rd quarter. Louisbourg Investments Inc. now owns 533,379 shares of the company’s stock valued at $2,456,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Greenfire Resources by 6,363.6% in the first quarter. Royal Bank of Canada now owns 56,750 shares of the company’s stock worth $333,000 after acquiring an additional 55,872 shares during the last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.

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. The company is headquartered in Calgary, Canada.