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

Greenfire Resources Ltd. (NYSE:GFR) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 62,076 shares, a growth of 112.1% from the March 31st total of 29,265 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 325,067 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Greenfire Resources in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Greenfire Resources has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Greenfire Resources

A number of hedge funds and other institutional investors have recently modified their holdings of GFR. Deltroit Asset Management UK LLP acquired a new stake in Greenfire Resources during the 4th quarter worth about $48,000. Raffles Associates LP acquired a new stake in Greenfire Resources during the 4th quarter worth about $50,000. WINTON GROUP Ltd acquired a new stake in Greenfire Resources during the 4th quarter worth about $64,000. Jane Street Group LLC acquired a new stake in Greenfire Resources during the 4th quarter worth about $74,000. Finally, Renaissance Technologies LLC boosted its position in Greenfire Resources by 15.9% during the 4th quarter. Renaissance Technologies LLC now owns 128,300 shares of the company’s stock worth $611,000 after acquiring an additional 17,600 shares during the period. Institutional investors and hedge funds own 88.89% of the company’s stock.

Greenfire Resources Trading Up 2.4%

GFR stock traded up $0.15 during trading hours on Monday, hitting $6.25. 118,280 shares of the stock traded hands, compared to its average volume of 240,732. The stock has a 50-day simple moving average of $6.17 and a 200 day simple moving average of $5.37. Greenfire Resources has a one year low of $3.81 and a one year high of $7.02. The company has a market cap of $783.19 million, a P/E ratio of 12.75 and a beta of 0.23.

Greenfire Resources (NYSE:GFR) last released its quarterly earnings results on Thursday, March 12th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.22). Greenfire Resources had a net margin of 8.01% and a return on equity of 5.03%. The company had revenue of $100.73 million during the quarter.

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.