Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Sees Large Increase in Short Interest

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 127,871 shares, a growth of 123.6% from the June 15th total of 57,176 shares. Based on an average trading volume of 98,953 shares, the short-interest ratio is presently 1.3 days. Currently, 0.0% of the company’s shares are short sold.

Harbour Energy Stock Performance

OTCMKTS HBRIY traded down $0.15 during midday trading on Wednesday, hitting $3.16. 68,057 shares of the company traded hands, compared to its average volume of 39,977. 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 company’s 50-day simple moving average is $3.51 and its 200-day simple moving average is $3.48. Harbour Energy has a 52 week low of $2.48 and a 52 week high of $4.48.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group downgraded Harbour Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Harbour Energy currently has a consensus rating of “Reduce”.

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.