Short Interest in Harbour Energy plc (OTCMKTS:HBRIY) Declines By 54.1%

Harbour Energy plc (OTCMKTS:HBRIY) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 1,700 shares, a decrease of 54.1% from the September 15th total of 3,700 shares. Based on an average trading volume of 1,700 shares, the days-to-cover ratio is presently 1.0 days.

A number of equities analysts have weighed in on HBRIY shares. Zacks Investment Research cut Harbour Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 28th. Canaccord Genuity restated a “buy” rating on shares of Harbour Energy in a report on Monday, September 27th. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of Harbour Energy in a research report on Tuesday, June 29th.

Shares of HBRIY remained flat at $$5.16 during trading on Thursday. The company’s stock had a trading volume of 50 shares, compared to its average volume of 1,858. The business’s fifty day moving average price is $5.14 and its two-hundred day moving average price is $4.87. Harbour Energy has a one year low of $3.60 and a one year high of $10.50.

Harbour Energy Company Profile

Harbour Energy Plc is an oil and gas company, which engages in the exploration and production of upstream oil and gas. It focuses its operations in Falkland Islands, Indonesia, Vietnam, the United Kingdom, Mexico, and Norway. The company was founded in 1934 and is headquartered in London, the United Kingdom.

Further Reading: Cash Asset Ratio

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