Greenfire Resources Ltd. (NYSE:GFR - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 50,000 shares, a drop of 42.1% from the March 15th total of 86,400 shares. Based on an average trading volume of 98,800 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.
Hedge Funds Weigh In On Greenfire Resources
Several hedge funds have recently made changes to their positions in the business. Louisbourg Investments Inc. lifted its stake in Greenfire Resources by 46.7% during the first quarter. Louisbourg Investments Inc. now owns 371,979 shares of the company's stock valued at $2,207,000 after purchasing an additional 118,500 shares during the last quarter. FNY Investment Advisers LLC boosted its stake in shares of Greenfire Resources by 66.3% during the 1st quarter. FNY Investment Advisers LLC now owns 16,633 shares of the company's stock worth $97,000 after acquiring an additional 6,633 shares in the last quarter. Wexford Capital LP grew its holdings in shares of Greenfire Resources by 39.2% in the 4th quarter. Wexford Capital LP now owns 1,092,071 shares of the company's stock worth $7,710,000 after acquiring an additional 307,456 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Greenfire Resources during the fourth quarter worth $100,000. Finally, Citadel Advisors LLC lifted its holdings in shares of Greenfire Resources by 27.5% during the fourth quarter. Citadel Advisors LLC now owns 79,766 shares of the company's stock valued at $563,000 after purchasing an additional 17,203 shares during the last quarter. Institutional investors and hedge funds own 88.89% of the company's stock.
Greenfire Resources Price Performance
NYSE:GFR traded up $0.07 during midday trading on Tuesday, hitting $5.02. 47,250 shares of the stock were exchanged, compared to its average volume of 97,217. The company has a market capitalization of $348.73 million, a price-to-earnings ratio of 14.34 and a beta of 0.28. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30. Greenfire Resources has a one year low of $4.36 and a one year high of $8.16. The business has a 50-day moving average price of $5.42 and a two-hundred day moving average price of $6.49.
Greenfire Resources (NYSE:GFR - Get Free Report) last announced its quarterly earnings data on Monday, March 17th. The company reported $0.78 earnings per share for the quarter. The business had revenue of $149.31 million during the quarter. Greenfire Resources had a return on equity of 5.40% and a net margin of 5.02%.
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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