Hunting PLC (OTCMKTS:HNTIF) Short Interest Update

Hunting PLC (OTCMKTS:HNTIF) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 18,020 shares, an increase of 79.8% from the April 30th total of 10,020 shares. Based on an average daily volume of 2,256 shares, the days-to-cover ratio is presently 8.0 days.

Hunting Stock Performance

HNTIF stock opened at $6.20 on Thursday. Hunting has a 1 year low of $3.70 and a 1 year high of $7.50. The stock has a 50-day simple moving average of $6.61 and a 200-day simple moving average of $5.99.

Analyst Ratings Changes

Separately, Barclays downgraded Hunting from an “equal weight” rating to an “underweight” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus 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.