Hunting PLC (OTCMKTS:HNTIF) Short Interest Up 39,980.0% in April

Hunting PLC (OTCMKTS:HNTIF) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 10,020 shares, an increase of 39,980.0% from the April 15th total of 25 shares. Based on an average daily volume of 937 shares, the days-to-cover ratio is presently 10.7 days.

Hunting Stock Performance

OTCMKTS HNTIF remained flat at $6.52 during trading hours on Monday. Hunting has a 12-month low of $3.70 and a 12-month high of $7.50. The stock’s fifty day moving average is $6.66 and its 200 day moving average is $5.70.

Wall Street Analyst Weigh In

HNTIF has been the subject of several research analyst reports. Barclays lowered Hunting from an “equal weight” rating to an “underweight” rating in a research report on Monday, April 20th. Royal Bank Of Canada reaffirmed 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, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.