Greenfire Resources Ltd. (NYSE:GFR) Short Interest Down 21.0% in January

Greenfire Resources Ltd. (NYSE:GFR - Get Free Report) saw a large decrease in short interest in January. As of January 15th, there was short interest totalling 45,900 shares, a decrease of 21.0% from the December 31st total of 58,100 shares. Based on an average trading volume of 107,100 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are short sold.

Greenfire Resources Price Performance

GFR traded down $0.13 during trading on Friday, reaching $6.40. The company's stock had a trading volume of 205,916 shares, compared to its average volume of 57,575. The company has a market cap of $444.26 million, a price-to-earnings ratio of 18.27 and a beta of 0.30. The firm has a fifty day simple moving average of $6.92 and a two-hundred day simple moving average of $7.12. Greenfire Resources has a 1 year low of $4.68 and a 1 year 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.

Institutional Investors Weigh In On Greenfire Resources

A number of hedge funds have recently modified their holdings of GFR. JPMorgan Chase & Co. purchased a new position in Greenfire Resources in the third quarter worth approximately $29,000. The Manufacturers Life Insurance Company purchased a new position in Greenfire Resources during the third quarter worth about $82,000. Jane Street Group LLC acquired a new stake in shares of Greenfire Resources during the third quarter valued at about $111,000. Walleye Capital LLC purchased a new stake in shares of Greenfire Resources in the 3rd quarter valued at approximately $278,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Greenfire Resources in the 2nd quarter worth approximately $491,000. 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.