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

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 10,025 shares, a decline of 73.3% from the April 30th total of 37,487 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 33,881 shares, the short-interest ratio is presently 0.3 days.

Harbour Energy Price Performance

Shares of OTCMKTS:HBRIY opened at $3.70 on Friday. 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 12-month low of $2.37 and a 12-month high of $4.48. The business has a fifty day simple moving average of $3.92 and a 200 day simple moving average of $3.38.

Analyst Upgrades and Downgrades

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