Harbour Energy plc (OTCMKTS:HBRIY) Sees Large Decrease in Short Interest

Harbour Energy plc (OTCMKTS:HBRIY) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 300 shares, a decline of 93.0% from the March 15th total of 4,300 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 5,500 shares, the short-interest ratio is presently 0.1 days.

Harbour Energy Price Performance

HBRIY traded up $0.13 during midday trading on Tuesday, hitting $2.25. The stock had a trading volume of 2,624 shares, compared to its average volume of 4,671. Harbour Energy has a 1 year low of $2.08 and a 1 year high of $4.24. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $2.75 and a 200 day moving average of $3.13.

Harbour Energy Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded 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.