Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Short Interest Update

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 10,025 shares, a drop of 73.3% from the April 30th total of 37,487 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 33,881 shares, the days-to-cover ratio is currently 0.3 days.

Harbour Energy Price Performance

OTCMKTS:HBRIY traded down $0.01 during midday trading on Friday, reaching $3.72. The stock had a trading volume of 30,041 shares, compared to its average volume of 38,270. Harbour Energy has a 1-year low of $2.37 and a 1-year high of $4.48. The firm’s fifty day simple moving average is $3.93 and its 200-day simple moving average is $3.38. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.94 and a current ratio of 1.04.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded shares of Harbour Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

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.