Hunting PLC (OTCMKTS:HNTIF) Short Interest Up 39,980.0% in April

Hunting PLC (OTCMKTS:HNTIF) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 10,020 shares, a growth of 39,980.0% from the April 15th total of 25 shares. Based on an average daily volume of 937 shares, the short-interest ratio is currently 10.7 days.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HNTIF. Royal Bank Of Canada reiterated an “outperform” rating on shares of Hunting in a research report on Tuesday, January 20th. Barclays cut Hunting from an “equal weight” rating to an “underweight” rating in a report on Monday, April 20th. One 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 stock. According to MarketBeat, Hunting presently has a consensus rating of “Hold”.

Hunting Price Performance

OTCMKTS HNTIF remained flat at $6.52 on Monday. The business has a 50 day moving average price of $6.66 and a 200 day moving average price of $5.70. Hunting has a twelve month low of $3.70 and a twelve month high of $7.50.

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.