Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Sees Large Decrease in Short Interest

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 13,962 shares, a decrease of 81.3% from the July 30th total of 74,821 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 41,118 shares, the short-interest ratio is presently 0.3 days.

Harbour Energy Stock Performance

Shares of HBRIY traded down $0.10 during trading hours on Wednesday, reaching $3.47. 17,888 shares of the company traded hands, compared to its average volume of 41,083. Harbour Energy has a 12-month low of $2.51 and a 12-month high of $4.48. The company has a quick ratio of 0.94, a current ratio of 1.04 and a debt-to-equity ratio of 0.79. The stock’s fifty day moving average price is $3.30 and its 200 day moving average price is $3.59.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HBRIY. The Goldman Sachs Group raised shares of Harbour Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 20th. Jefferies Financial Group cut Harbour Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Harbour Energy Company Profile

Harbour Energy PLC (OTCMKTS: HBRIY) is a London-based independent oil and gas exploration and production company formed in July 2021 through the merger of Premier Oil and Chrysaor. As the largest UK-listed E&P group by production, the company focuses on developing and operating a diversified portfolio of upstream assets to deliver long-term value through stable cash flow and disciplined capital allocation.

The company’s core business activities encompass the exploration, development and production of crude oil and natural gas.