Greenfire Resources Ltd. (NYSE:GFR) Short Interest Up 103.8% in November

Greenfire Resources Ltd. (NYSE:GFR) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 31,800 shares, an increase of 103.8% from the November 15th total of 15,600 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 151,300 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Greenfire Resources

A number of hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company bought a new stake in Greenfire Resources in the third quarter valued at $82,000. Jane Street Group LLC acquired a new stake in shares of Greenfire Resources during the 3rd quarter worth about $111,000. K2 Principal Fund L.P. lifted its holdings in Greenfire Resources by 146.3% during the 2nd quarter. K2 Principal Fund L.P. now owns 50,003 shares of the company’s stock valued at $338,000 after purchasing an additional 29,700 shares during the last quarter. Walleye Capital LLC acquired a new position in Greenfire Resources in the third quarter valued at about $278,000. Finally, Perritt Capital Management Inc bought a new stake in Greenfire Resources during the second quarter worth about $384,000. 88.89% of the stock is owned by institutional investors and hedge funds.

Greenfire Resources Price Performance

Shares of Greenfire Resources stock traded down $0.21 during trading on Thursday, hitting $6.75. 43,987 shares of the company’s stock traded hands, compared to its average volume of 74,314. The company has a market cap of $468.92 million, a PE ratio of 19.89 and a beta of 0.29. The firm’s fifty day moving average price is $7.33 and its 200 day moving average price is $7.02. Greenfire Resources has a twelve month low of $4.68 and a twelve month high of $8.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.67 and a quick ratio of 0.58.

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.