Short Interest in Harbour Energy plc (OTCMKTS:HBRIY) Declines By 14.3%

Harbour Energy plc (OTCMKTS:HBRIY) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 4,800 shares, a drop of 14.3% from the February 13th total of 5,600 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 2,200 shares, the short-interest ratio is presently 2.2 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered shares of Harbour Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th.

Harbour Energy Price Performance

Shares of Harbour Energy stock opened at $2.60 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average price of $3.05 and a 200 day moving average price of $3.29. Harbour Energy has a 52 week low of $2.41 and a 52 week high of $4.24.

Harbour Energy Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, April 11th will be given a $0.1119 dividend. The ex-dividend date is Friday, April 11th.

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.