Greenfire Resources Ltd. (NYSE:GFR) Short Interest Down 38.1% in April

Greenfire Resources Ltd. (NYSE:GFR) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 38,403 shares, a decrease of 38.1% from the April 15th total of 62,076 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 266,917 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Greenfire Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of GFR. Royal Bank of Canada increased its holdings in Greenfire Resources by 6,363.6% during the 1st quarter. Royal Bank of Canada now owns 56,750 shares of the company’s stock worth $333,000 after acquiring an additional 55,872 shares during the period. BW Gestao de Investimentos Ltda. increased its holdings in shares of Greenfire Resources by 95.8% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 3,296,823 shares of the company’s stock worth $14,704,000 after buying an additional 1,613,198 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Greenfire Resources in the 3rd quarter worth $91,000. MMCAP International Inc. SPC bought a new position in shares of Greenfire Resources in the 3rd quarter worth $1,148,000. Finally, UBS Group AG increased its holdings in shares of Greenfire Resources by 14.0% in the 3rd quarter. UBS Group AG now owns 607,419 shares of the company’s stock worth $2,806,000 after buying an additional 74,522 shares during the last quarter. Institutional investors own 88.89% of the company’s stock.

Greenfire Resources Price Performance

Greenfire Resources stock traded up $0.14 during midday trading on Monday, reaching $6.31. 98,044 shares of the stock were exchanged, compared to its average volume of 234,056. The company’s fifty day moving average is $6.21 and its 200-day moving average is $5.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.66. The firm has a market cap of $791.46 million, a PE ratio of -70.11 and a beta of 0.26. Greenfire Resources has a 52 week low of $4.10 and a 52 week high of $7.02.

Greenfire Resources (NYSE:GFR) last posted its earnings results on Thursday, March 12th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.22). The firm had revenue of $100.73 million for the quarter. Greenfire Resources had a negative return on equity of 4.20% and a negative net margin of 7.55%.

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. The company is headquartered in Calgary, Canada.