Hunting PLC (OTCMKTS:HNTIF) Short Interest Update

Hunting PLC (OTCMKTS:HNTIF) saw a significant decline in short interest in 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.

Hunting Stock Performance

Shares of HNTIF stock remained flat at $6.47 on Tuesday. The firm has a 50-day moving average price of $6.57 and a 200 day moving average price of $6.07. Hunting has a 1 year low of $3.70 and a 1 year high of $7.50.

Analysts Set New Price Targets

Separately, Barclays cut shares of 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 assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Hunting 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.