Harbour Energy plc (OTCMKTS:HBRIY) Short Interest Up 6.8% in August

Harbour Energy plc (OTCMKTS:HBRIY) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 7,800 shares, a growth of 6.8% from the July 31st total of 7,300 shares. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is currently 3.0 days.

Harbour Energy Stock Performance

OTCMKTS HBRIY opened at $3.70 on Wednesday. The company’s 50-day simple moving average is $3.86 and its 200 day simple moving average is $3.73. Harbour Energy has a twelve month low of $2.80 and a twelve month high of $4.24. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.82 and a quick ratio of 0.73.

Harbour Energy Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, October 7th. Shareholders of record on Tuesday, August 20th will be paid a dividend of $0.1144 per share. The ex-dividend date is Monday, August 19th. This represents a yield of 8.43%.

Wall Street Analysts Forecast Growth

Separately, Barclays raised shares of Harbour Energy to a “strong-buy” rating in a research report on Friday, August 9th.

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.