Greenfire Resources Ltd. (NYSE:GFR - Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 95,400 shares, a growth of 90.8% from the March 31st total of 50,000 shares. Based on an average daily volume of 96,700 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.5% of the shares of the stock are sold short.
Greenfire Resources Price Performance
NYSE:GFR traded down $0.19 during mid-day trading on Tuesday, reaching $4.81. The stock had a trading volume of 6,864 shares, compared to its average volume of 97,554. Greenfire Resources has a one year low of $4.36 and a one year high of $8.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.58 and a current ratio of 0.67. The firm has a 50 day moving average price of $5.30 and a two-hundred day moving average price of $6.39. The stock has a market capitalization of $334.42 million, a P/E ratio of 13.73 and a beta of 0.28.
Greenfire Resources (NYSE:GFR - Get Free Report) last issued its earnings results on Monday, March 17th. The company reported $0.78 EPS for the quarter. Greenfire Resources had a net margin of 5.02% and a return on equity of 5.40%. The company had revenue of $149.31 million for the quarter.
Institutional Trading of Greenfire Resources
A number of institutional investors have recently made changes to their positions in GFR. Louisbourg Investments Inc. bought a new stake in Greenfire Resources in the 4th quarter worth $1,787,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Greenfire Resources in the 4th quarter worth approximately $1,178,000. Jane Street Group LLC purchased a new position in shares of Greenfire Resources during the third quarter valued at approximately $111,000. Hillsdale Investment Management Inc. bought a new position in shares of Greenfire Resources during the fourth quarter valued at approximately $1,155,000. Finally, Webs Creek Capital Management LP lifted its stake in Greenfire Resources by 255.0% in the fourth quarter. Webs Creek Capital Management LP now owns 355,000 shares of the company's stock worth $2,506,000 after acquiring an additional 255,000 shares during the period. Hedge funds and other institutional investors own 88.89% of the company's stock.
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.
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