Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Sees Large Decrease in Short Interest
by Mitch Edgeman · The Markets DailyHarbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY – Get Free Report) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 74,821 shares, a decline of 52.5% from the July 15th total of 157,420 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 97,577 shares, the days-to-cover ratio is currently 0.8 days.
Analysts Set New Price Targets
Separately, Jefferies Financial Group lowered Harbour Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.
Check Out Our Latest Stock Report on Harbour Energy
Harbour Energy Stock Up 2.1%
HBRIY stock traded up $0.07 during trading on Friday, hitting $3.56. 15,885 shares of the stock traded hands, compared to its average volume of 37,633. Harbour Energy has a one year low of $2.51 and a one year high of $4.48. The company has a current ratio of 1.04, a quick ratio of 0.94 and a debt-to-equity ratio of 0.79. The company has a 50 day simple moving average of $3.29 and a 200 day simple moving average of $3.56.
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.