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

Hunting PLC (OTCMKTS:HNTIF) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 190 shares, a decrease of 90.8% from the January 29th total of 2,066 shares. Based on an average trading volume of 4,001 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 4,001 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

HNTIF has been the topic of several recent research reports. Jefferies Financial Group cut shares of Hunting to a “hold” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Hunting in a report on Tuesday, January 20th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Hunting currently has an average rating of “Moderate Buy”.

Hunting Price Performance

OTCMKTS HNTIF remained flat at $7.27 during trading hours on Friday. The company had a trading volume of 300 shares, compared to its average volume of 4,925. Hunting has a 52-week low of $3.20 and a 52-week high of $7.50. The company’s 50-day moving average is $5.61 and its two-hundred day moving average is $4.97.

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.