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

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 74,821 shares, a drop of 52.5% from the July 15th total of 157,420 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 97,577 shares, the short-interest ratio is currently 0.8 days.

Harbour Energy Trading Up 2.1%

Shares of OTCMKTS:HBRIY opened at $3.56 on Friday. The business’s 50 day moving average is $3.29 and its 200-day moving average is $3.56. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.04 and a quick ratio of 0.94. Harbour Energy has a 1-year low of $2.51 and a 1-year high of $4.48.

Wall Street Analysts Forecast Growth

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

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.