Harbour Energy plc (OTCMKTS:HBRIY) Short Interest Update

Harbour Energy plc (OTCMKTS:HBRIY) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 4,800 shares, a decline of 14.3% from the February 13th total of 5,600 shares. Based on an average daily trading volume, of 2,200 shares, the short-interest ratio is presently 2.2 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

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

Harbour Energy Price Performance

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

Harbour Energy Cuts Dividend

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

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.