Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Short Interest Update

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 17,700 shares, a drop of 34.9% from the August 15th total of 27,200 shares. Based on an average daily trading volume, of 35,800 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 35,800 shares, the short-interest ratio is presently 0.5 days.

Harbour Energy Trading Down 4.8%

OTCMKTS HBRIY opened at $3.04 on Monday. The company has a fifty day moving average price of $3.01 and a 200-day moving average price of $2.68. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 0.68. Harbour Energy has a 1 year low of $2.08 and a 1 year high of $3.83.

Harbour Energy Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, October 6th. Shareholders of record on Tuesday, August 19th will be paid a $0.1119 dividend. The ex-dividend date is Monday, August 18th. This represents a yield of 623.0%.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reissued an “overweight” rating on shares of Harbour Energy in a research report on Tuesday, June 17th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Harbour Energy has an average rating of “Moderate Buy”.

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.