Harbour Energy plc (OTCMKTS:HBRIY) Short Interest Up 17.6% in August

Harbour Energy plc (OTCMKTS:HBRIY) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 10,700 shares, a growth of 17.6% from the August 15th total of 9,100 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is presently 6.7 days.

Harbour Energy Stock Up 2.9 %

Shares of HBRIY opened at $3.21 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.55 and a quick ratio of 0.50. Harbour Energy has a 1 year low of $2.76 and a 1 year high of $5.55. The stock has a 50 day simple moving average of $3.14 and a 200-day simple moving average of $3.14.

Harbour Energy Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 8th will be given a dividend of $0.1056 per share. The ex-dividend date is Thursday, September 7th.

Analysts Set New Price Targets

A number of analysts have recently commented on HBRIY shares. Berenberg Bank boosted their price objective on Harbour Energy from GBX 240 ($2.97) to GBX 250 ($3.10) in a research note on Tuesday, August 29th. Barclays lowered their target price on Harbour Energy from GBX 450 ($5.57) to GBX 390 ($4.83) in a research note on Friday, August 25th. Finally, Peel Hunt downgraded Harbour Energy to a “hold” rating in a research note on Thursday, September 7th.

About Harbour Energy

Harbour Energy plc, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas reserves. It holds interests in various properties located in the United Kingdom, Norwegian Continental Shelves, Indonesia, Vietnam, and Mexico. The company was incorporated in 2002 and is headquartered in London, the United Kingdom.