Short Interest in Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Grows By 323.1%

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 57,176 shares, an increase of 323.1% from the May 31st total of 13,512 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 79,016 shares, the days-to-cover ratio is presently 0.7 days.

Analysts Set New Price Targets

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

Harbour Energy Stock Performance

Shares of OTCMKTS HBRIY traded down $0.02 during midday trading on Friday, hitting $3.06. 149,897 shares of the company’s stock were exchanged, compared to its average volume of 35,468. The firm’s fifty day simple moving average is $3.72 and its 200-day simple moving average is $3.45. Harbour Energy has a twelve month low of $2.48 and a twelve month high of $4.48. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.04 and a quick ratio of 0.94.

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.