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

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 22,526 shares, an increase of 184.0% from the September 30th total of 7,931 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 41,277 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Several analysts have weighed in on HBRIY shares. The Goldman Sachs Group raised shares of Harbour Energy from a “hold” rating to a “buy” rating in a research note on Thursday, September 10th. Barclays reaffirmed an “overweight” rating on shares of Harbour Energy in a report on Monday, October 5th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Harbour Energy Price Performance

OTCMKTS:HBRIY opened at $4.12 on Friday. The stock has a 50-day simple moving average of $3.75 and a 200 day simple moving average of $3.59. The company has a current ratio of 0.70, a quick ratio of 0.59 and a debt-to-equity ratio of 0.88. Harbour Energy has a 52-week low of $2.55 and a 52-week high of $4.48.

Harbour Energy Company Profile

Harbour Energy plc is an independent oil and gas company headquartered in London, England. The company explores for, develops and produces hydrocarbons, with activities spanning the upstream energy value chain. Its portfolio includes oil and natural gas assets, and it also undertakes decommissioning work on mature fields and related infrastructure.

Harbour has historically maintained a significant presence in the United Kingdom’s North Sea and has expanded its international operations through acquisitions and new developments.