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

Hunting PLC (OTCMKTS:HNTIFGet Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 7,977 shares, a growth of 160.3% from the June 15th total of 3,065 shares. Based on an average daily volume of 80 shares, the days-to-cover ratio is currently 99.7 days.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on HNTIF

Hunting Price Performance

HNTIF opened at $5.81 on Tuesday. Hunting has a 12-month low of $4.18 and a 12-month high of $7.50. The business’s fifty day simple moving average is $6.36 and its 200-day simple moving average is $6.22.

About Hunting

(Get Free Report)

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.

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