Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 13,962 shares, a drop of 81.3% from the July 30th total of 74,821 shares. Based on an average trading volume of 41,118 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.
Harbour Energy Price Performance
Shares of OTCMKTS:HBRIY traded up $0.01 during mid-day trading on Thursday, reaching $3.45. The stock had a trading volume of 12,958 shares, compared to its average volume of 41,046. The firm has a 50 day simple moving average of $3.30 and a two-hundred day simple moving average of $3.59. Harbour Energy has a twelve month low of $2.51 and a twelve 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 Analyst Weigh In
Several brokerages have commented on HBRIY. Jefferies Financial Group cut shares of Harbour Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. The Goldman Sachs Group upgraded Harbour Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 20th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.
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.
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