Harbour Energy plc (OTCMKTS:HBRIY) Short Interest Update

Harbour Energy plc (OTCMKTS:HBRIY) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 4,800 shares, a decrease of 14.3% from the February 13th total of 5,600 shares. Based on an average daily trading volume, of 2,200 shares, the short-interest ratio is presently 2.2 days. Approximately 0.0% of the shares of the company are short sold.

Harbour Energy Trading Up 5.8 %

Shares of OTCMKTS:HBRIY opened at $2.75 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.34. Harbour Energy has a fifty-two week low of $2.41 and a fifty-two week high of $4.24. The firm has a 50-day simple moving average of $3.05 and a 200 day simple moving average of $3.28.

Harbour Energy Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, April 11th will be paid a dividend of $0.1119 per share. The ex-dividend date of this dividend is Friday, April 11th.

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 report on Wednesday, February 12th.

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.