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

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 13,962 shares, a decline of 81.3% from the July 30th total of 74,821 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 41,118 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. The Goldman Sachs Group upgraded Harbour Energy from a “strong sell” rating to a “hold” rating in a report on Thursday, August 20th. Jefferies Financial Group cut Harbour Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Harbour Energy Trading Down 2.8%

Shares of OTCMKTS:HBRIY traded down $0.10 during trading hours on Wednesday, hitting $3.47. The company’s stock had a trading volume of 17,888 shares, compared to its average volume of 41,083. Harbour Energy has a 52 week low of $2.51 and a 52 week high of $4.48. The company has a current ratio of 1.04, a quick ratio of 0.94 and a debt-to-equity ratio of 0.79. The firm’s fifty day moving average price is $3.30 and its 200 day moving average price is $3.59.

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.