Short Interest in Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Grows By 323.1%

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIYGet Free Report) was the recipient of a large growth in short interest during 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. Based on an average daily volume of 79,016 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the company’s shares are short sold.

Harbour Energy Price Performance

OTCMKTS:HBRIY traded down $0.02 during midday trading on Friday, reaching $3.06. The company had a trading volume of 149,897 shares, compared to its average volume of 35,468. The stock’s fifty day simple moving average is $3.72 and its 200-day simple moving average is $3.45. Harbour Energy has a 12-month low of $2.48 and a 12-month high of $4.48. The company has a current ratio of 1.04, a quick ratio of 0.94 and a debt-to-equity ratio of 0.79.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

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About Harbour Energy

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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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