Greenfire Resources Ltd. (NYSE:GFR) Short Interest Up 48.9% in February

Greenfire Resources Ltd. (NYSE:GFR) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 26,200 shares, a growth of 48.9% from the January 31st total of 17,600 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 85,600 shares, the days-to-cover ratio is currently 0.3 days.

Greenfire Resources Stock Performance

Shares of NYSE GFR traded down $0.36 during midday trading on Monday, hitting $5.59. The company’s stock had a trading volume of 85,512 shares, compared to its average volume of 67,223. The firm has a market capitalization of $388.33 million, a price-to-earnings ratio of 15.97 and a beta of 0.28. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average price of $6.73 and a 200 day moving average price of $7.04. Greenfire Resources has a one year low of $4.71 and a one year high of $8.16.

Institutional Investors Weigh In On Greenfire Resources

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake in shares of Greenfire Resources during the 3rd quarter valued at $29,000. Northwest & Ethical Investments L.P. bought a new stake in shares of Greenfire Resources during the fourth quarter valued at about $45,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Greenfire Resources in the third quarter worth about $82,000. Cubist Systematic Strategies LLC bought a new position in shares of Greenfire Resources in the fourth quarter valued at approximately $100,000. Finally, Jump Financial LLC purchased a new position in Greenfire Resources during the fourth quarter valued at approximately $107,000. Hedge funds and other 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.