Hunting PLC (OTCMKTS:HNTIF) Sees Significant Growth in Short Interest

Hunting PLC (OTCMKTS:HNTIF) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 2,066 shares, an increase of 933.0% from the December 15th total of 200 shares. Based on an average daily volume of 5,091 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 5,091 shares, the short-interest ratio is presently 0.4 days.

Hunting Price Performance

HNTIF stock remained flat at $4.99 during trading on Monday. Hunting has a 1 year low of $3.20 and a 1 year high of $5.40. The stock’s 50 day simple moving average is $4.87 and its 200-day simple moving average is $4.59.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut shares of Hunting to a “hold” rating in a report on Wednesday, December 17th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Hunting

Hunting plc, trading under the OTCMKTS symbol HNTIF, is a United Kingdom–based engineering firm that supplies critical equipment and services to the global oil and gas industry. With roots tracing back to the late 19th century, the company has evolved into a specialist provider of surface, well intervention and subsea production systems. Its product portfolio includes coiled tubing and well intervention equipment, downhole tools, surface wellhead assemblies, subsea control umbilicals and associated hardware.

The company’s core offerings are organized around three main segments: well intervention, surface and downhole systems, and subsea controls.