Hunting PLC (OTCMKTS:HNTIF) Short Interest Up 160.3% in June

Hunting PLC (OTCMKTS:HNTIF) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 7,977 shares, an increase of 160.3% from the June 15th total of 3,065 shares. Based on an average daily volume of 80 shares, the days-to-cover ratio is presently 99.7 days.

Analysts Set New Price Targets

Separately, Barclays lowered 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Hunting Stock Performance

HNTIF stock opened at $5.81 on Thursday. Hunting has a 12 month low of $4.18 and a 12 month high of $7.50. The firm has a 50-day moving average of $6.33 and a two-hundred day moving average of $6.24.

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.