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

Harbour Energy plc (OTCMKTS:HBRIY) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 6,600 shares, a growth of 8.2% from the August 31st total of 6,100 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is currently 7.3 days.

Harbour Energy Price Performance

Shares of HBRIY opened at $3.67 on Tuesday. The company’s 50 day simple moving average is $3.74 and its 200-day simple moving average is $3.77. Harbour Energy has a 12-month low of $2.80 and a 12-month high of $4.24. 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 Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Barclays upgraded 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.