Short Interest in Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Rises By 108.1%

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 19,189 shares, an increase of 108.1% from the February 12th total of 9,223 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,236 shares, the short-interest ratio is currently 1.7 days. Based on an average daily trading volume, of 11,236 shares, the short-interest ratio is currently 1.7 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

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

Harbour Energy Price Performance

Shares of Harbour Energy stock opened at $3.92 on Friday. Harbour Energy has a 52 week low of $2.08 and a 52 week high of $4.26. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $3.22 and its two-hundred day moving average price is $3.03.

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.