Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Short Interest Up 323.1% in June

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 57,176 shares, a growth of 323.1% from the May 31st total of 13,512 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 79,016 shares, the days-to-cover ratio is currently 0.7 days.

Harbour Energy Stock Performance

OTCMKTS HBRIY traded down $0.02 during trading on Friday, reaching $3.06. The company’s stock had a trading volume of 149,897 shares, compared to its average volume of 35,468. The firm has a 50 day moving average price of $3.72 and a 200 day moving average price of $3.45. Harbour Energy has a 12 month low of $2.48 and a 12 month 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.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut Harbour Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Harbour Energy presently has an average 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.