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

Hunting PLC (OTCMKTS:HNTIF) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 200 shares, a decrease of 99.6% from the November 30th total of 46,860 shares. Based on an average daily volume of 4,409 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 4,409 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut shares of Hunting to a “hold” rating in a research note on Wednesday, December 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Hunting Trading Down 5.7%

Shares of Hunting stock traded down $0.29 on Friday, hitting $4.75. 23,000 shares of the company traded hands, compared to its average volume of 7,020. Hunting has a 52 week low of $3.20 and a 52 week high of $5.40. The business has a 50-day simple moving average of $4.76 and a 200 day simple moving average of $4.48.

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.