Short Interest in Hunting PLC (OTCMKTS:HNTIF) Increases By 1,163.2%

Hunting PLC (OTCMKTS:HNTIF) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 2,400 shares, a growth of 1,163.2% from the February 12th total of 190 shares. Based on an average daily volume of 3,458 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 3,458 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HNTIF shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Hunting in a report on Tuesday, January 20th. Jefferies Financial Group cut shares of Hunting to a “hold” rating in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Hunting Price Performance

Shares of OTCMKTS:HNTIF remained flat at $6.85 during midday trading on Tuesday. Hunting has a fifty-two week low of $3.20 and a fifty-two week high of $7.50. The company has a 50-day moving average of $5.93 and a two-hundred day moving average of $5.10.

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.