Short Interest in Hunting PLC (OTCMKTS:HNTIF) Drops By 42.5%

Hunting PLC (OTCMKTS:HNTIF) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 4,106 shares, a decline of 42.5% from the July 15th total of 7,137 shares. Based on an average daily volume of 833 shares, the short-interest ratio is presently 4.9 days.

Hunting Price Performance

HNTIF opened at $6.40 on Monday. Hunting has a one year low of $4.18 and a one year high of $7.50. The company’s 50 day simple moving average is $6.14 and its 200-day simple moving average is $6.40.

Analyst Upgrades and Downgrades

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 given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hunting currently has a consensus 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.