Hunting PLC (OTCMKTS:HNTIF) Short Interest Down 50.0% in March

Hunting PLC (OTCMKTS:HNTIF) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,200 shares, a decline of 50.0% from the February 26th total of 2,400 shares. Based on an average daily volume of 46 shares, the short-interest ratio is presently 26.1 days.

Analyst Ratings Changes

Several research firms have weighed in on HNTIF. Royal Bank Of Canada reiterated an “outperform” rating on shares of Hunting in a report on Tuesday, January 20th. Jefferies Financial Group downgraded Hunting to a “hold” rating in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Hunting Stock Performance

Shares of OTCMKTS HNTIF remained flat at $6.52 during midday trading on Friday. Hunting has a 52-week low of $3.20 and a 52-week high of $7.50. The firm’s 50 day moving average price is $6.36 and its 200 day moving average price is $5.30.

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.