Short Interest in Harbour Energy plc (OTCMKTS:HBRIY) Increases By 666.7%

Harbour Energy plc (OTCMKTS:HBRIY - Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 6,900 shares, an increase of 666.7% from the April 30th total of 900 shares. Based on an average daily volume of 10,600 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the company's shares are short sold.

Harbour Energy Stock Performance

HBRIY remained flat at $2.37 during trading hours on Friday. The company's 50 day moving average price is $2.36 and its two-hundred day moving average price is $2.85. 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 has a twelve month low of $2.08 and a twelve month high of $4.24.

Harbour Energy Cuts Dividend

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

Analyst Ratings Changes

A number of analysts recently weighed in on HBRIY shares. Morgan Stanley reissued an "overweight" rating on shares of Harbour Energy in a research report on Tuesday, May 20th. The Goldman Sachs Group cut 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.