Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Short Interest Up 1,772.9% in March

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 359,394 shares, an increase of 1,772.9% from the February 26th total of 19,189 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 335,387 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 335,387 shares, the short-interest ratio is presently 1.1 days. Currently, 0.0% of the company’s stock are short sold.

Harbour Energy Price Performance

OTCMKTS:HBRIY opened at $3.91 on Wednesday. Harbour Energy has a 1-year low of $2.08 and a 1-year high of $4.48. The firm has a fifty day simple moving average of $3.40 and a 200 day simple moving average of $3.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 0.93.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded shares of Harbour Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

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.