Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY) Short Interest Update

Key Points

• Harbour Energy PLC experienced a dramatic increase in short interest, rising by 597.4% from July 31 to August 15, totaling 27,200 shares.
• The company announced a dividend of $0.1119 to be paid on October 6, with a yield of 623.0% for shareholders of record on August 19.
• Morgan Stanley reaffirmed an "overweight" rating on Harbour Energy, contributing to an average rating of "Moderate Buy" from analysts.

Harbour Energy PLC Sponsored ADR (OTCMKTS:HBRIY - Get Free Report) saw a significant growth in short interest in August. As of August 15th, there was short interest totaling 27,200 shares, agrowthof597.4% from the July 31st total of 3,900 shares. Based on an average daily volume of 37,100 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 37,100 shares, the days-to-cover ratio is currently 0.7 days.

Harbour Energy Stock Performance

Shares of OTCMKTS HBRIY traded down $0.25 during midday trading on Tuesday, hitting $3.11. The stock had a trading volume of 2,732 shares, compared to its average volume of 6,942. The stock has a 50 day simple moving average of $2.94 and a 200-day simple moving average of $2.68. Harbour Energy has a 1 year low of $2.08 and a 1 year high of $3.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.63 and a current ratio of 0.70.

Harbour Energy Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, October 6th. Shareholders of record on Tuesday, August 19th will be given a $0.1119 dividend. The ex-dividend date is Monday, August 18th. This represents a yield of 623.0%.

Analyst Ratings Changes

Separately, Morgan Stanley reiterated an "overweight" rating on shares of Harbour Energy in a research report on Tuesday, June 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".

About Harbour Energy

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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