Greenfire Resources Ltd. (NYSE:GFR - Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 30,100 shares, an increase of 91.7% from the September 30th total of 15,700 shares. Based on an average daily trading volume, of 129,100 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.
Greenfire Resources Price Performance
NYSE GFR remained flat at $7.08 during trading on Monday. The company's stock had a trading volume of 57,444 shares, compared to its average volume of 68,281. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average price of $7.32 and a 200 day moving average price of $6.74. Greenfire Resources has a 12 month low of $4.68 and a 12 month high of $8.16.
Greenfire Resources (NYSE:GFR - Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.31 earnings per share for the quarter. The company had revenue of $160.39 million for the quarter.
Institutional Investors Weigh In On Greenfire Resources
A number of institutional investors have recently added to or reduced their stakes in GFR. K2 Principal Fund L.P. raised its stake in shares of Greenfire Resources by 146.3% in the second quarter. K2 Principal Fund L.P. now owns 50,003 shares of the company's stock valued at $338,000 after acquiring an additional 29,700 shares during the last quarter. Sona Asset Management US LLC raised its stake in shares of Greenfire Resources by 1.1% in the first quarter. Sona Asset Management US LLC now owns 5,019,641 shares of the company's stock valued at $29,992,000 after acquiring an additional 53,539 shares during the last quarter. Perritt Capital Management Inc bought a new position in shares of Greenfire Resources in the second quarter valued at approximately $384,000. Renaissance Technologies LLC bought a new position in shares of Greenfire Resources in the second quarter valued at approximately $491,000. Finally, NewGen Asset Management Ltd bought a new position in Greenfire Resources in the 2nd quarter worth approximately $878,000. 88.89% of the stock is owned by institutional investors and hedge funds.
About Greenfire Resources
(
Get Free Report)
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.
Further Reading
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