Short Interest in Harbour Energy plc (OTCMKTS:HBRIY) Drops By 93.0%

Harbour Energy plc (OTCMKTS:HBRIY) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 300 shares, a decrease of 93.0% from the March 15th total of 4,300 shares. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Harbour Energy Stock Performance

OTCMKTS:HBRIY traded up $0.13 during trading on Tuesday, reaching $2.25. The company’s stock had a trading volume of 2,624 shares, compared to its average volume of 4,671. Harbour Energy has a 12 month low of $2.08 and a 12 month 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 firm has a 50 day moving average of $2.75 and a 200-day moving average of $3.13.

Harbour Energy Cuts Dividend

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

About Harbour Energy

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.