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

Greenfire Resources Ltd. (NYSE:GFR) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 69,046 shares, a drop of 13.2% from the January 29th total of 79,532 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 57,715 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 57,715 shares, the short-interest ratio is presently 1.2 days. Currently, 0.1% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

GFR has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Greenfire Resources in a research note on Monday, December 29th. Wall Street Zen raised Greenfire Resources to a “hold” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Greenfire Resources Price Performance

Shares of NYSE:GFR traded down $0.07 during midday trading on Wednesday, hitting $6.09. 10,649 shares of the stock were exchanged, compared to its average volume of 93,318. The stock has a market cap of $423.07 million, a P/E ratio of 4.51 and a beta of 0.27. Greenfire Resources has a twelve month low of $3.81 and a twelve month high of $6.26. The company has a 50 day moving average price of $5.33 and a 200-day moving average price of $4.99. The company has a current ratio of 2.27, a quick ratio of 2.05 and a debt-to-equity ratio of 0.36.

Institutional Trading of Greenfire Resources

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrature Capital Ltd acquired a new stake in shares of Greenfire Resources during the 4th quarter worth about $286,000. Raffles Associates LP acquired a new stake in shares of Greenfire Resources during the fourth quarter worth $50,000. Royal Bank of Canada increased its stake in Greenfire Resources by 158.7% in the fourth quarter. Royal Bank of Canada now owns 42,290 shares of the company’s stock valued at $201,000 after purchasing an additional 25,940 shares during the last quarter. Saber Capital Managment LLC acquired a new stake in Greenfire Resources in the 4th quarter worth about $3,270,000. Finally, K2 Principal Fund L.P. lifted its holdings in shares of Greenfire Resources by 88.8% during the 4th quarter. K2 Principal Fund L.P. now owns 845,285 shares of the company’s stock worth $4,024,000 after acquiring an additional 397,685 shares during the period. 88.89% of the stock is currently owned by hedge funds and other 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. The company is headquartered in Calgary, Canada.