Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Short Interest Up 1,772.9% in March

Key Points

• Short interest surged 1,772.9% in March to 359,394 shares, leaving a days-to-cover ratio of about 1.1 days.
• Harbour Energy shares fell about 2.3% to $3.91 on the report, trading 27,909 shares intraday and sitting in a 52‑week range of $2.08–$4.48.
• The Goldman Sachs Group downgraded the stock from "hold" to "strong sell", while the MarketBeat consensus rating remains "Hold" based on one Buy and one Sell.

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 359,394 shares, a growth of 1,772.9% from the February 26th total of 19,189 shares. Based on an average daily volume of 335,387 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 335,387 shares, the days-to-cover ratio is presently 1.1 days.

Harbour Energy Stock Down 2.3%

OTCMKTS:HBRIY traded down $0.09 during mid-day trading on Tuesday, hitting $3.91. 27,909 shares of the company's stock were exchanged, compared to its average volume of 102,207. Harbour Energy has a fifty-two week low of $2.08 and a fifty-two week high of $4.48. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. The company has a 50 day simple moving average of $3.40 and a 200-day simple moving average of $3.07.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded Harbour Energy from a "hold" rating to a "strong sell" rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Harbour Energy has a consensus rating of "Hold".

Harbour Energy Company Profile

Harbour Energy PLC OTCMKTS: HBRIY is a London-based independent oil and gas exploration and production company formed in July 2021 through the merger of Premier Oil and Chrysaor. As the largest UK-listed E&P group by production, the company focuses on developing and operating a diversified portfolio of upstream assets to deliver long-term value through stable cash flow and disciplined capital allocation.

The company’s core business activities encompass the exploration, development and production of crude oil and natural gas.

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