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

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

Harbour Energy Stock Performance

Shares of HBRIY traded down $0.02 during midday trading on Thursday, hitting $3.13. The stock had a trading volume of 71,243 shares, compared to its average volume of 40,847. The business has a 50-day simple moving average of $3.50 and a two-hundred day simple moving average of $3.48. Harbour Energy has a fifty-two week low of $2.51 and a fifty-two week high of $4.48. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.94 and a current ratio of 1.04.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered 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 issued a Sell rating to the stock. According to data from MarketBeat, Harbour Energy currently has an average 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.