Short Interest in Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Drops By 30.5%

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 9,223 shares, a drop of 30.5% from the January 29th total of 13,280 shares. Based on an average daily volume of 5,283 shares, the short-interest ratio is currently 1.7 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 5,283 shares, the short-interest ratio is currently 1.7 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut Harbour Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Harbour Energy Stock Performance

OTCMKTS:HBRIY opened at $3.37 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $3.00 and a 200-day simple moving average of $3.00. Harbour Energy has a 1-year low of $2.08 and a 1-year high of $3.84.

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.