Harbour Energy plc (OTCMKTS:HBRIY) Short Interest Update

Harbour Energy plc (OTCMKTS:HBRIY) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 4,800 shares, a drop of 14.3% from the February 13th total of 5,600 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.0% of the shares of the company are short sold.

Harbour Energy Price Performance

HBRIY stock remained flat at $2.56 during mid-day trading on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.73 and a current ratio of 0.81. Harbour Energy has a 12 month low of $2.41 and a 12 month high of $4.24. The company’s fifty day moving average price is $3.06 and its two-hundred day moving average price is $3.29.

Harbour Energy Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, April 11th will be given a dividend of $0.1119 per share. The ex-dividend date is Friday, April 11th.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of Harbour Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th.

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.