Short Interest in Hunting PLC (OTCMKTS:HNTIF) Decreases By 42.5%

Hunting PLC (OTCMKTS:HNTIF) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 4,106 shares, a decrease of 42.5% from the July 15th total of 7,137 shares. Based on an average daily volume of 833 shares, the short-interest ratio is presently 4.9 days.

Hunting Price Performance

HNTIF stock opened at $6.40 on Monday. The firm’s 50-day simple moving average is $6.14 and its 200 day simple moving average is $6.40. Hunting has a fifty-two week low of $4.18 and a fifty-two week high of $7.50.

Analyst Upgrades and Downgrades

Separately, Barclays lowered Hunting from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 20th. One 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.com, Hunting currently has a consensus rating of “Hold”.

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.