Short Interest in Hunting PLC (OTCMKTS:HNTIF) Grows By 79.8%

Hunting PLC (OTCMKTS:HNTIF) was the recipient of a significant increase in short interest in 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 trading volume, of 2,256 shares, the days-to-cover ratio is presently 8.0 days.

Hunting Trading Down 12.8%

Shares of HNTIF stock opened at $5.94 on Tuesday. The firm has a fifty day moving average price of $6.61 and a 200 day moving average price of $5.96. Hunting has a 12 month low of $3.70 and a 12 month high of $7.50.

Wall Street Analysts Forecast Growth

Separately, Barclays cut Hunting from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 20th. One equities research 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 data from MarketBeat, the stock 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.