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Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Sees Large Drop in Short Interest

Harbour Energy logo with Oils/Energy background

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - Get Free Report) saw a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 5,000 shares, a decrease of 27.5% from the May 15th total of 6,900 shares. Currently, 0.0% of the company's shares are short sold. Based on an average trading volume of 900 shares, the days-to-cover ratio is currently 5.6 days.

Harbour Energy Stock Performance

Shares of HBRIY stock remained flat at $2.75 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average of $2.39 and a 200 day moving average of $2.76. Harbour Energy has a 1 year low of $2.08 and a 1 year high of $4.18.

Analysts Set New Price Targets

Separately, Morgan Stanley reaffirmed an "overweight" rating on shares of Harbour Energy in a research note on Tuesday.

Read Our Latest Report on HBRIY

About Harbour Energy

(Get Free Report)

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.

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