Greenfire Resources Ltd. (NYSE:GFR) Sees Large Growth in Short Interest

Posted by George Bondi on Sep 29th, 2026

Greenfire Resources Ltd. (NYSE:GFR – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 3,223,621 shares, a growth of 84.8% from the August 31st total of 1,744,086 shares. Currently, 3.2% of the company’s shares are short sold. Based on an average daily volume of 1,954,378 shares, the short-interest ratio is currently 1.6 days.

Greenfire Resources Stock Down 2.3%

Shares of Greenfire Resources stock traded down $0.13 on Tuesday, reaching $5.63. The stock had a trading volume of 854,015 shares, compared to its average volume of 380,800. The company has a 50 day moving average price of $6.35 and a 200 day moving average price of $6.12. The company has a quick ratio of 0.76, a current ratio of 0.96 and a debt-to-equity ratio of 0.03. Greenfire Resources has a 1 year low of $4.15 and a 1 year high of $7.16. The stock has a market capitalization of $705.93 million, a P/E ratio of -20.10 and a beta of 0.18.

Greenfire Resources (NYSE:GFR – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.01 by $0.30. Greenfire Resources had a negative net margin of 6.36% and a negative return on equity of 3.50%. The firm had revenue of $123.86 million during the quarter, compared to analyst estimates of $107.41 million.

Hedge Funds Weigh In On Greenfire Resources

Large investors have recently made changes to their positions in the business. Donald Smith & CO. Inc. purchased a new stake in shares of Greenfire Resources during the 2nd quarter valued at $1,672,000. Militia Capital Management LLC purchased a new position in Greenfire Resources during the 1st quarter worth $1,637,000. Moerus Capital Management LLC increased its position in Greenfire Resources by 37.9% during the 1st quarter. Moerus Capital Management LLC now owns 2,335,804 shares of the company’s stock valued at $14,838,000 after buying an additional 642,312 shares in the last quarter. Saber Capital Managment LLC acquired a new position in Greenfire Resources during the 4th quarter valued at about $3,270,000. Finally, Aegis Financial Corp increased its position in Greenfire Resources by 133.1% during the 1st quarter. Aegis Financial Corp now owns 417,548 shares of the company’s stock valued at $2,639,000 after buying an additional 238,417 shares in the last quarter. 88.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on GFR. Weiss Ratings restated a “sell (d)” rating on shares of Greenfire Resources in a report on Thursday, August 13th. TD Securities raised Greenfire Resources to a “strong-buy” rating in a research report on Thursday, July 23rd. BMO Capital Markets upgraded Greenfire Resources from a “market perform” rating to an “outperform” rating and set a $11.50 target price for the company in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada initiated coverage on Greenfire Resources in a research report on Monday, July 6th. They set a “hold” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Greenfire Resources has an average rating of “Moderate Buy” and an average target price of $11.50.

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About Greenfire Resources

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Greenfire Resources Ltd. (NYSE: GFR) is a Canadian energy company focused on the development and production of bitumen from the Athabasca oil sands in Alberta, Canada. The company’s operations are centered on thermal oil sands projects that use steam-assisted gravity drainage (SAGD) technology to recover bitumen from underground reservoirs.

Greenfire’s principal assets include the Hangingstone Expansion and Hangingstone Demonstration projects, located south of Fort McMurray, Alberta. The company operates its facilities and produces bitumen, which can be transported to market for upgrading or refining into crude oil and other petroleum products.

The company has historically focused on advancing oil sands assets with established infrastructure and production potential.