Short Interest in Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Rises By 180.5%

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 39,164 shares, a growth of 180.5% from the August 15th total of 13,962 shares. Based on an average daily trading volume, of 99,045 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HBRIY shares. The Goldman Sachs Group raised shares of Harbour Energy from a “hold” rating to a “buy” rating in a research report on Thursday. Jefferies Financial Group downgraded shares of 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 Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Harbour Energy Stock Up 0.5%

Shares of Harbour Energy stock traded up $0.02 during trading on Monday, reaching $3.89. 25,670 shares of the company were exchanged, compared to its average volume of 41,485. The business has a 50-day moving average price of $3.45 and a 200-day moving average price of $3.64. The company has a quick ratio of 0.94, a current ratio of 1.04 and a debt-to-equity ratio of 0.79. Harbour Energy has a twelve month low of $2.51 and a twelve month high of $4.48.

About Harbour Energy

Harbour Energy plc is an independent oil and natural gas company headquartered in London. The company explores for, develops and produces hydrocarbons, with activities spanning the upstream energy value chain from exploration and appraisal through field development, production and decommissioning.

Harbour’s portfolio includes interests in producing and developing oil and gas fields, as well as exploration licenses and infrastructure supporting offshore and onshore operations. Its activities have included production from the United Kingdom Continental Shelf and international operations in countries such as Norway, Germany, Denmark, Egypt, Argentina and Mexico.

The company was established as Chrysaor in 2014 and became Harbour Energy following its combination with Premier Oil in 2021.