Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Short Interest Up 187.1% in April

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 37,487 shares, a growth of 187.1% from the April 15th total of 13,057 shares. Based on an average daily volume of 34,445 shares, the short-interest ratio is currently 1.1 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of Harbour Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Harbour Energy Stock Performance

OTCMKTS:HBRIY traded down $0.01 during trading hours on Friday, hitting $3.88. The stock had a trading volume of 19,700 shares, compared to its average volume of 15,783. Harbour Energy has a one year low of $2.22 and a one year 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 business’s 50 day moving average is $3.95 and its 200-day moving average is $3.32.

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.