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

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) was the target of a large 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 volume of 99,045 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

HBRIY has been the topic of a number of research analyst reports. Jefferies Financial Group lowered Harbour Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. The Goldman Sachs Group upgraded Harbour Energy from a “hold” rating to a “buy” rating in a report on Thursday. 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 company presently has an average rating of “Moderate Buy”.

Harbour Energy Stock Down 0.5%

OTCMKTS HBRIY opened at $3.87 on Friday. The company’s fifty day moving average is $3.45 and its two-hundred day moving average is $3.64. Harbour Energy has a 52-week low of $2.51 and a 52-week high of $4.48. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.94 and a current ratio of 1.04.

Harbour Energy Company Profile

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.