Harbour Energy plc (OTCMKTS:HBRIY) Short Interest Up 6.8% in August

Harbour Energy plc (OTCMKTS:HBRIY) was the target of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 7,800 shares, a growth of 6.8% from the July 31st total of 7,300 shares. Based on an average daily trading volume, of 2,600 shares, the days-to-cover ratio is currently 3.0 days.

Harbour Energy Price Performance

Shares of OTCMKTS:HBRIY opened at $3.70 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 0.82. Harbour Energy has a 52-week low of $2.80 and a 52-week high of $4.24. The stock’s fifty day simple moving average is $3.86 and its 200-day simple moving average is $3.73.

Harbour Energy Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, October 7th. Stockholders of record on Tuesday, August 20th will be issued a dividend of $0.1144 per share. This represents a dividend yield of 8.43%. The ex-dividend date of this dividend is Monday, August 19th.

Analyst Ratings Changes

Separately, Barclays upgraded shares of Harbour Energy to a “strong-buy” rating in a research report on Friday, August 9th.

Harbour Energy Company Profile

Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves. The company holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. It is also involved in the decommissioning, financing, gas trading, and risk mitigation activities.