Hunting PLC (OTCMKTS:HNTIF) Short Interest Up 160.3% in June

Hunting PLC (OTCMKTS:HNTIF) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 7,977 shares, an increase of 160.3% from the June 15th total of 3,065 shares. Based on an average daily volume of 80 shares, the short-interest ratio is presently 99.7 days.

Analyst Upgrades and Downgrades

Separately, Barclays cut 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 assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

Hunting Price Performance

Shares of OTCMKTS HNTIF opened at $5.81 on Tuesday. Hunting has a 1 year low of $4.18 and a 1 year high of $7.50. The firm has a 50-day simple moving average of $6.36 and a two-hundred day simple moving average of $6.22.

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.