Short Interest in Greenfire Resources Ltd. (NYSE:GFR) Drops By 38.1%

Greenfire Resources Ltd. (NYSE:GFR) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 38,403 shares, a drop of 38.1% from the April 15th total of 62,076 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 266,917 shares, the short-interest ratio is currently 0.1 days.

Greenfire Resources Price Performance

GFR stock traded up $0.04 during mid-day trading on Tuesday, hitting $6.34. The company had a trading volume of 42,092 shares, compared to its average volume of 175,038. The company has a 50-day moving average price of $6.21 and a 200 day moving average price of $5.50. Greenfire Resources has a 12-month low of $4.10 and a 12-month high of $7.02. The company has a market capitalization of $795.10 million, a price-to-earnings ratio of -70.45 and a beta of 0.26. The company has a quick ratio of 0.54, a current ratio of 0.66 and a debt-to-equity ratio of 0.01.

Greenfire Resources (NYSE:GFR) last issued its earnings results on Thursday, March 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.22). The firm had revenue of $100.73 million during the quarter. Greenfire Resources had a negative return on equity of 4.20% and a negative net margin of 7.55%.

Institutional Trading of Greenfire Resources

Large investors have recently added to or reduced their stakes in the company. Deltroit Asset Management UK LLP bought a new stake in Greenfire Resources in the 4th quarter worth approximately $48,000. Raffles Associates LP bought a new stake in Greenfire Resources in the 4th quarter worth approximately $50,000. WINTON GROUP Ltd bought a new stake in Greenfire Resources in the 4th quarter worth approximately $64,000. Jane Street Group LLC bought a new stake in Greenfire Resources in the 4th quarter worth approximately $74,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Greenfire Resources in the 3rd quarter worth approximately $91,000. Institutional investors own 88.89% of the company’s stock.

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.