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

Greenfire Resources Ltd. (NYSE:GFR) saw 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 stock are short sold. Based on an average daily volume of 151,300 shares, the short-interest ratio is presently 0.2 days.

Greenfire Resources Trading Down 0.9 %

GFR traded down $0.06 during trading on Friday, reaching $6.70. The company had a trading volume of 85,215 shares, compared to its average volume of 74,359. The stock has a market cap of $465.45 million, a P/E ratio of 19.14 and a beta of 0.29. The business has a 50 day simple moving average of $7.29 and a 200-day simple moving average of $7.02. Greenfire Resources has a 52 week low of $4.68 and a 52 week high of $8.16. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 0.30.

Hedge Funds Weigh In On Greenfire Resources

Institutional investors have recently made changes to their positions in the company. NewGen Asset Management Ltd acquired a new stake in Greenfire Resources in the second quarter worth about $878,000. BW Gestao de Investimentos Ltda. acquired a new stake in Greenfire Resources in the second quarter worth about $1,120,000. Perritt Capital Management Inc acquired a new stake in Greenfire Resources in the second quarter worth about $384,000. Renaissance Technologies LLC acquired a new stake in Greenfire Resources in the second quarter worth about $491,000. Finally, K2 Principal Fund L.P. boosted its holdings in Greenfire Resources by 146.3% in the second quarter. K2 Principal Fund L.P. now owns 50,003 shares of the company’s stock worth $338,000 after acquiring an additional 29,700 shares in the last quarter. 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.