Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY – Get Free Report) saw a significant drop in short interest in 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 daily trading volume, of 41,118 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are short sold.
Harbour Energy Price Performance
Shares of OTCMKTS:HBRIY traded up $0.03 during midday trading on Friday, hitting $3.51. 28,858 shares of the stock were exchanged, compared to its average volume of 41,061. Harbour Energy has a 52-week low of $2.51 and a 52-week high of $4.48. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.04 and a quick ratio of 0.94. The business’s fifty day simple moving average is $3.30 and its two-hundred day simple moving average is $3.60.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on HBRIY. The Goldman Sachs Group upgraded shares of Harbour Energy from a “strong sell” rating to a “hold” rating in a report on Thursday, August 20th. Jefferies Financial Group downgraded shares of Harbour Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus 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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