Harbour Energy plc (OTCMKTS:HBRIY) Sees Large Drop in Short Interest

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

Wall Street Analyst Weigh In

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

Harbour Energy Stock Up 6.0 %

OTCMKTS:HBRIY traded up $0.13 during mid-day trading on Wednesday, hitting $2.21. The company had a trading volume of 1,229 shares, compared to its average volume of 4,525. The business has a fifty day simple moving average of $2.73 and a 200-day simple moving average of $3.13. Harbour Energy has a 1 year low of $2.08 and a 1 year high of $4.24. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.34.

Harbour Energy Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, April 11th will be paid a $0.1119 dividend. 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.