Harbour Energy plc (OTCMKTS:HBRIY) Short Interest Down 93.0% in March

Harbour Energy plc (OTCMKTS:HBRIY) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 300 shares, a drop of 93.0% from the March 15th total of 4,300 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 5,500 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of Harbour Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th.

Harbour Energy Stock Performance

Shares of OTCMKTS HBRIY traded up $0.13 during midday trading on Monday, reaching $2.25. 2,624 shares of the company were exchanged, compared to its average volume of 4,671. The stock has a fifty day simple moving average of $2.76 and a 200 day simple moving average of $3.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.73 and a current ratio of 0.81. Harbour Energy has a 1 year low of $2.08 and a 1 year high of $4.24.

Harbour Energy Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, April 11th will be issued a $0.1119 dividend. The ex-dividend date is Friday, April 11th.

Harbour Energy Company Profile

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.