Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Shares Shorted: Short Interest Up 184.0% in October

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 22,526 shares, an increase of 184.0% from the September 30th total of 7,931 shares. Based on an average daily volume of 41,277 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Harbour Energy from a “hold” rating to a “buy” rating in a research note on Thursday, September 10th. Barclays reissued an “overweight” rating on shares of Harbour Energy in a report on Monday, October 5th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Harbour Energy presently has a consensus rating of “Moderate Buy”.

Harbour Energy Stock Performance

HBRIY stock remained flat at $4.05 during midday trading on Thursday. The company had a trading volume of 16,568 shares, compared to its average volume of 42,737. The stock’s fifty day moving average is $3.73 and its 200-day moving average is $3.58. Harbour Energy has a 52-week low of $2.55 and a 52-week high of $4.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.59 and a current ratio of 0.70.

About Harbour Energy

Harbour Energy plc is an independent oil and gas company headquartered in London, England. The company explores for, develops and produces hydrocarbons, with activities spanning the upstream energy value chain. Its portfolio includes oil and natural gas assets, and it also undertakes decommissioning work on mature fields and related infrastructure.

Harbour has historically maintained a significant presence in the United Kingdom’s North Sea and has expanded its international operations through acquisitions and new developments.