Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Short Interest Update

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 10,025 shares, a decline of 73.3% from the April 30th total of 37,487 shares. Based on an average trading volume of 33,881 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of Harbour Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Harbour Energy Stock Performance

OTCMKTS:HBRIY traded down $0.01 during trading hours on Friday, hitting $3.72. The stock had a trading volume of 30,041 shares, compared to its average volume of 38,270. Harbour Energy has a one year low of $2.37 and a one year high of $4.48. 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 business’s 50 day moving average is $3.93 and its 200-day moving average is $3.38.

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.