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

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 359,394 shares, a growth of 1,772.9% from the February 26th total of 19,189 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 335,387 shares, the short-interest ratio is presently 1.1 days.

Harbour Energy Stock Performance

Shares of OTCMKTS:HBRIY remained flat at $4.00 during trading on Thursday. 26,882 shares of the stock were exchanged, compared to its average volume of 103,074. Harbour Energy has a 1 year low of $2.08 and a 1 year high of $4.48. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. The firm’s 50-day moving average price is $3.42 and its 200-day moving average price is $3.08.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded 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 given a Sell rating to the company. Based on data from MarketBeat.com, Harbour Energy has an average rating of “Hold”.

Harbour Energy Company Profile

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.