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

Harbour Energy plc (OTCMKTS:HBRIY) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 200 shares, a drop of 85.7% from the October 31st total of 1,400 shares. Based on an average daily trading volume, of 1,300 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Barclays raised Harbour Energy to a “strong-buy” rating in a report on Friday, August 9th.

Harbour Energy Price Performance

OTCMKTS HBRIY remained flat at $3.45 during mid-day trading on Friday. The company’s stock had a trading volume of 50 shares, compared to its average volume of 590. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $3.50 and its two-hundred day simple moving average is $3.73. Harbour Energy has a 12-month low of $2.80 and a 12-month high of $4.24.

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.