Short Interest in Harbour Energy plc (OTCMKTS:HBRIY) Drops By 17.6%

Harbour Energy plc (OTCMKTS:HBRIY) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 5,600 shares, a decrease of 17.6% from the January 31st total of 6,800 shares. Based on an average daily volume of 5,200 shares, the days-to-cover ratio is presently 1.1 days.

Wall Street Analysts Forecast Growth

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

Harbour Energy Stock Performance

Shares of OTCMKTS HBRIY traded up $0.02 during mid-day trading on Wednesday, reaching $2.85. The company’s stock had a trading volume of 15,050 shares, compared to its average volume of 3,542. Harbour Energy has a 52 week low of $2.83 and a 52 week high of $4.24. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.73 and a current ratio of 0.81. The stock has a fifty day moving average of $3.13 and a two-hundred day moving average of $3.37.

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.