Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Sees Large Increase in Short Interest

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY – Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 39,164 shares, a growth of 180.5% from the August 15th total of 13,962 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 99,045 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Several research firms have commented on HBRIY. The Goldman Sachs Group upgraded Harbour Energy from a “hold” rating to a “buy” rating in a research note on Thursday. Jefferies Financial Group cut shares of Harbour Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Harbour Energy presently has a consensus rating of “Moderate Buy”.

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Harbour Energy Stock Performance

OTCMKTS:HBRIY opened at $3.87 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.04 and a debt-to-equity ratio of 0.79. The stock’s 50-day simple moving average is $3.46 and its 200 day simple moving average is $3.64. Harbour Energy has a 52-week low of $2.51 and a 52-week high of $4.48.

About Harbour Energy

(Get Free Report)

Harbour Energy plc is an independent oil and natural gas company headquartered in London. The company explores for, develops and produces hydrocarbons, with activities spanning the upstream energy value chain from exploration and appraisal through field development, production and decommissioning.

Harbour’s portfolio includes interests in producing and developing oil and gas fields, as well as exploration licenses and infrastructure supporting offshore and onshore operations. Its activities have included production from the United Kingdom Continental Shelf and international operations in countries such as Norway, Germany, Denmark, Egypt, Argentina and Mexico.

The company was established as Chrysaor in 2014 and became Harbour Energy following its combination with Premier Oil in 2021.

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