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

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 74,821 shares, a decrease of 52.5% from the July 15th total of 157,420 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 97,577 shares, the days-to-cover ratio is currently 0.8 days.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded Harbour Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Harbour Energy Price Performance

Shares of OTCMKTS HBRIY opened at $3.56 on Friday. Harbour Energy has a 12 month low of $2.51 and a 12 month high of $4.48. The business’s 50 day moving average is $3.29 and its two-hundred day moving average is $3.56. The company has a quick ratio of 0.94, a current ratio of 1.04 and a debt-to-equity ratio of 0.79.

About Harbour Energy

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.