Hunting PLC (OTCMKTS:HNTIF) Short Interest Down 90.8% in February

Hunting PLC (OTCMKTS:HNTIF) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 190 shares, a drop of 90.8% from the January 29th total of 2,066 shares. Based on an average trading volume of 4,001 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 4,001 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

Hunting Stock Up 2.4%

OTCMKTS HNTIF traded up $0.17 on Wednesday, reaching $7.27. 300 shares of the company’s stock traded hands, compared to its average volume of 4,925. Hunting has a 12 month low of $3.20 and a 12 month high of $7.50. The stock has a 50-day simple moving average of $5.52 and a 200 day simple moving average of $4.93.

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.