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

Harbour Energy plc (OTCMKTS:HBRIY - Get Free Report) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 4,800 shares, a drop of 14.3% from the February 13th total of 5,600 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is presently 2.2 days.

Harbour Energy Stock Up 3.6 %

HBRIY traded up $0.10 during midday trading on Friday, hitting $2.85. The company's stock had a trading volume of 1,076 shares, compared to its average volume of 4,162. Harbour Energy has a 52-week low of $2.41 and a 52-week high of $4.24. 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 has a 50-day moving average price of $3.04 and a two-hundred day moving average price of $3.27.

Harbour Energy Cuts Dividend

The business also recently declared 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.

Analyst Ratings Changes

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 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.