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

Harbour Energy plc (OTCMKTS:HBRIY - Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 5,400 shares, a decline of 5.3% from the April 15th total of 5,700 shares. Based on an average daily volume of 600 shares, the short-interest ratio is presently 9.0 days.

Harbour Energy Stock Performance

HBRIY remained flat at $3.76 during mid-day trading on Thursday. 50 shares of the company's stock traded hands, compared to its average volume of 4,258. The business's fifty day simple moving average is $3.60 and its two-hundred day simple moving average is $3.44. Harbour Energy has a 12 month low of $2.76 and a 12 month high of $4.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 0.82.

Harbour Energy Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, April 12th will be issued a dividend of $0.1144 per share. The ex-dividend date is Thursday, April 11th. This is a positive change from Harbour Energy's previous dividend of $0.11.

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.