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

Greenfire Resources Ltd. (NYSE:GFR) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 696,463 shares, an increase of 36.3% from the November 30th total of 511,101 shares. Based on an average daily trading volume, of 220,385 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.3% of the shares of the stock are sold short. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 220,385 shares, the days-to-cover ratio is currently 3.2 days.

Institutional Trading of Greenfire Resources

A number of hedge funds have recently bought and sold shares of GFR. FNY Investment Advisers LLC boosted its stake in Greenfire Resources by 98.8% in the second quarter. FNY Investment Advisers LLC now owns 33,061 shares of the company’s stock worth $147,000 after buying an additional 16,428 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Greenfire Resources in the 3rd quarter worth approximately $91,000. Beverly Hills Private Wealth LLC boosted its stake in shares of Greenfire Resources by 116.7% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 79,902 shares of the company’s stock valued at $356,000 after purchasing an additional 43,025 shares in the last quarter. 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 purchasing an additional 50,000 shares during the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in shares of Greenfire Resources during the 1st quarter valued at $297,000. Institutional investors own 88.89% of the company’s stock.

Analysts Set New Price Targets

GFR has been the topic of several recent analyst reports. Wall Street Zen raised Greenfire Resources to a “hold” rating in a report on Saturday, November 15th. BMO Capital Markets cut shares of Greenfire Resources from an “outperform” rating to a “market perform” rating in a research report on Monday, September 22nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Greenfire Resources in a research note on Monday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Greenfire Resources Price Performance

NYSE GFR traded down $0.04 during trading hours on Tuesday, reaching $4.77. 240,936 shares of the stock traded hands, compared to its average volume of 189,194. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.27 and a quick ratio of 2.05. The stock has a 50 day simple moving average of $4.78 and a two-hundred day simple moving average of $4.72. Greenfire Resources has a 1 year low of $3.81 and a 1 year high of $7.38. The company has a market cap of $331.37 million, a price-to-earnings ratio of 3.53 and a beta of 0.29.

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. The company is headquartered in Calgary, Canada.