There is little evidence of territoriality in the grey reef shark; individuals will tolerate others of their species entering and feeding within their home ranges.[27] Off Hawaii, individuals may stay around the same part of the reef for up to three years,[28] while at Rangiroa, they regularly shift their locations by up to 15 km (9.3 mi).[27] Individual grey reef sharks at Enewetak become highly aggressive at specific locations, suggesting they may exhibit dominant behavior over other sharks in their home areas.[3]
Grey reef sharks feed mainly on bony fishes, with cephalopods such as squid and octopus being the second-most important food group, and crustaceans such as crabs and lobsters making up the remainder. The larger sharks take a greater proportion of cephalopods.[20] These sharks hunt individually or in groups, and have been known to pin schools of fish against the outer walls of coral reefs for feeding.[14] Hunting groups of up to 700 grey reef sharks have been observed at Fakarava atoll in French Polynesia.[21][22] They excel at capturing fish swimming in the open, and they complement hunting whitetip reef sharks, which are more adept at capturing fish inside caves and crevices.[4] Their sense of smell is extremely acute, being capable of detecting one part tuna extract in 10 billion parts of sea water.[13] In the presence of a large quantity of food, grey reef sharks may be roused into a feeding frenzy; in one documented frenzy caused by an underwater explosion that killed several snappers, one of the sharks involved was attacked and consumed by the others.[23]

The Caribbean reef shark is the most common shark on or near coral reefs in the Caribbean. It is a tropical inshore, bottom-dwelling species of the continental and insular shelves. Although C. perezi mainly inhabits shallow waters, it has been recorded to reach depths to at least 98 feet (30 m). Caribbean reef sharks are commonly found close to drop-offs on the outer edges of coral reefs and also may lie motionless on the bottom of the ocean floor. This phenomenon has also been observed in caves off the coast of Mexico and off the Brazilian archipelago of Fernando de Noronha.
The Caribbean reef shark (Carcharhinus perezi) is a species of requiem shark, belonging to the family Carcharhinidae. It is found in the tropical waters of the western Atlantic Ocean from Florida to Brazil, and is the most commonly encountered reef shark in the Caribbean Sea. With a robust, streamlined body typical of the requiem sharks, this species is difficult to tell apart from other large members of its family such as the dusky shark (C. obscurus) and the silky shark (C. falciformis). Distinguishing characteristics include dusky-colored fins without prominent markings, a short free rear tip on the second dorsal fin, and tooth shape and number.
The Caribbean Reef Shark is known to become aggressive in the presence of food, but they are mostly only considered dangerous to humans because of its size. This shark was fished in Belize for almost the entire 20th century. They were used to make local delicacies in addition to liver oil (mostly used in cosmetics). Their low reproduction rate combined with a high level of hunting and fishing have caused the numbers to dwindle. The shark is now considered to be near threatened. Many countries and organizations have banned the commercial fishing of this species.

Grey reef sharks are prey for larger sharks, such as the silvertip shark.[9] At Rangiroa Atoll in French Polynesia, great hammerheads (Sphyrna mokarran) feed opportunistically on grey reef sharks that are exhausted from pursuing mates.[15] Known parasites of this species include the nematode Huffmanela lata and several copepod species that attach to the sharks' skin,[16][17] and juvenile stages of the isopods Gnathia trimaculata and G. grandilaris that attach to the gill filaments and septa (the dividers between each gill).[18][19]

These sharks prefer the shoreline from Florida to Brazil. This is where it gets the common name from. The tropical parts of the western Atlantic Ocean is home to this variety of sharks. Normally found on the outer edges of reefs, the Caribbean Reef Shark prefers to live in coral reefs and its shallow waters as well as continental shelves and insular shelves. These sharks are found quite commonly at a depth of about 100 feet (30 meters) and are known to dive to incredible depths of around 1250 feet (380 meters).

Grey reef sharks were the first shark species known to perform a threat display, a stereotypical behavior warning that it is prepared to attack.[3] The display involves a "hunched" posture with characteristically dropped pectoral fins, and an exaggerated, side-to-side swimming motion. Grey reef sharks often do so if they are followed or cornered by divers to indicate they perceive a threat. This species has been responsible for a number of attacks on humans, so should be treated with caution, especially if they begin to display. They are caught in many fisheries and are susceptible to local population depletion due to their low reproduction rate and limited dispersal. As a result, the International Union for Conservation of Nature has assessed this species as Near Threatened.
Are there so few reef sharks because of human activities such as fishing and finning, or were there never very many to start with? To answer this question, a team of marine biologists (which did not include Friedlander) decided to count reef sharks at coral reefs close and far to human settlements to better understand how humans impact their populations.
Social aggregation is well documented in grey reef sharks. In the northwestern Hawaiian Islands, large numbers of pregnant adult females have been observed slowly swimming in circles in shallow water, occasionally exposing their dorsal fins or backs. These groups last from 11:00 to 15:00, corresponding to peak daylight hours.[28] Similarly, at Sand Island off Johnston Atoll, females form aggregations in shallow water from March to June. The number of sharks per group differs from year to year. Each day, the sharks begin arriving at the aggregation area at 09:00, reaching a peak in numbers during the hottest part of the day in the afternoon, and dispersing by 19:00. Individual sharks return to the aggregation site every one to six days. These female sharks are speculated to be taking advantage of the warmer water to speed their growth or that of their embryos. The shallow waters may also enable them to avoid unwanted attention by males.[10]
Juvenile Caribbean reef sharks are preyed upon by larger sharks such as the tiger shark (Galeocerdo cuvier) and the bull shark (C. leucas). Few parasites are known for this species; one is a dark variegated leech often seen trailing from its first dorsal fin.[4] Off northern Brazil, juveniles seek out cleaning stations occupied by yellownose gobies (Elacatinus randalli), which clean the sharks of parasites while they lie still on the bottom.[10] Horse-eye jacks (Caranx latus) and bar jacks (Carangoides ruber) routinely school around Caribbean reef sharks.[11]

Ancient reefs buried within stratigraphic sections are of considerable interest to geologists because they provide paleo-environmental information about the location in Earth's history. In addition, reef structures within a sequence of sedimentary rocks provide a discontinuity which may serve as a trap or conduit for fossil fuels or mineralizing fluids to form petroleum or ore deposits.