Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Short Interest Down 73.3% in May

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

Harbour Energy Trading Down 0.5%

HBRIY traded down $0.02 during midday trading on Friday, reaching $3.70. The company’s stock had a trading volume of 76,217 shares, compared to its average volume of 18,709. The company has a fifty day simple moving average of $3.92 and a 200 day simple moving average of $3.38. 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 has a twelve month low of $2.37 and a twelve month high of $4.48.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered Harbour Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Harbour Energy presently has an average rating of “Hold”.

Harbour Energy Company Profile

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.