Harbour Energy plc (OTCMKTS:HBRIY) Sees Significant Decrease in Short Interest

Harbour Energy plc (OTCMKTS:HBRIY) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 2,000 shares, a drop of 69.7% from the September 15th total of 6,600 shares. Based on an average daily volume of 1,600 shares, the short-interest ratio is presently 1.3 days.

Harbour Energy Trading Down 1.2 %

Shares of OTCMKTS:HBRIY traded down $0.04 during trading hours on Thursday, reaching $3.54. The stock had a trading volume of 10,978 shares, compared to its average volume of 2,850. Harbour Energy has a 1 year low of $2.80 and a 1 year high of $4.24. The firm’s 50 day moving average is $3.69 and its 200-day moving average is $3.77. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.34.

Harbour Energy Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, October 7th. Investors of record on Tuesday, August 20th were issued a $0.1144 dividend. This represents a yield of 8.43%. The ex-dividend date of this dividend was Monday, August 19th.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of Harbour Energy to a “strong-buy” rating in a research note 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.