Short Interest in Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Rises By 123.6%

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 127,871 shares, an increase of 123.6% from the June 15th total of 57,176 shares. Based on an average daily trading volume, of 98,953 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.0% of the company’s shares are short sold.

Harbour Energy Price Performance

HBRIY opened at $3.13 on Friday. Harbour Energy has a one year low of $2.51 and a one year 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. The business’s 50 day moving average price is $3.48 and its 200 day moving average price is $3.49.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut Harbour Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Harbour Energy currently has a consensus rating of “Reduce”.

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.