Hunting PLC (OTCMKTS:HNTIF) Short Interest Update

Hunting PLC (OTCMKTS:HNTIF) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 4,106 shares, a drop of 42.5% from the July 15th total of 7,137 shares. Based on an average daily trading volume, of 833 shares, the days-to-cover ratio is currently 4.9 days.

Hunting Price Performance

HNTIF remained flat at $6.40 on Tuesday. The company has a 50 day moving average price of $6.14 and a 200 day moving average price of $6.41. Hunting has a one year low of $4.18 and a one year high of $7.50.

Wall Street Analysts Forecast Growth

Separately, Barclays cut shares of Hunting from an “equal weight” rating to an “underweight” rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Hunting has an average rating of “Hold”.

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.