Greenfire Resources Ltd. (NYSE:GFR) Short Interest Up 37.1% in March

Greenfire Resources Ltd. (NYSE:GFR) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 86,400 shares, a growth of 37.1% from the February 28th total of 63,000 shares. Based on an average trading volume of 91,100 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the shares of the stock are short sold.

Greenfire Resources Trading Up 1.9 %

Shares of NYSE GFR traded up $0.11 during trading on Tuesday, hitting $5.98. 129,571 shares of the company were exchanged, compared to its average volume of 91,861. The company has a fifty day moving average price of $5.96 and a 200-day moving average price of $6.77. The firm has a market capitalization of $415.42 million, a PE ratio of 17.09 and a beta of 0.29. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.58 and a current ratio of 0.67. Greenfire Resources has a 12-month low of $4.82 and a 12-month high of $8.16.

Greenfire Resources (NYSE:GFR) last released its quarterly earnings results on Monday, March 17th. The company reported $0.78 EPS for the quarter. The company had revenue of $149.31 million for the quarter. Greenfire Resources had a return on equity of 5.40% and a net margin of 5.02%.

Hedge Funds Weigh In On Greenfire Resources

Several hedge funds have recently added to or reduced their stakes in GFR. Louisbourg Investments Inc. acquired a new position in shares of Greenfire Resources in the 4th quarter valued at $1,787,000. Luxor Capital Group LP grew its position in shares of Greenfire Resources by 45.6% in the third quarter. Luxor Capital Group LP now owns 2,836,592 shares of the company’s stock valued at $21,133,000 after purchasing an additional 888,566 shares during the period. FMR LLC purchased a new position in shares of Greenfire Resources during the 3rd quarter worth about $3,234,000. Jane Street Group LLC purchased a new position in shares of Greenfire Resources in the 3rd quarter worth $111,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Greenfire Resources during the 4th quarter worth about $1,155,000. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

About Greenfire Resources

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.