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

Hunting PLC (OTCMKTS:HNTIF) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 11,233 shares, a decline of 37.7% from the May 14th total of 18,020 shares. Based on an average daily trading volume, of 613 shares, the short-interest ratio is currently 18.3 days.

Wall Street Analyst Weigh In

Separately, Barclays downgraded Hunting from an “equal weight” rating to an “underweight” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Hunting currently has an average rating of “Hold”.

Hunting Stock Performance

HNTIF opened at $6.47 on Monday. The business’s 50-day moving average price is $6.57 and its 200-day moving average price is $6.06. Hunting has a 12 month low of $3.70 and a 12 month high of $7.50.

Hunting Company Profile

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.