Short Interest in Hunting PLC (OTCMKTS:HNTIF) Rises By 145.8%

Hunting PLC (OTCMKTS:HNTIF) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 3,478 shares, a growth of 145.8% from the August 15th total of 1,415 shares. Based on an average trading volume of 67 shares, the short-interest ratio is currently 51.9 days.

Hunting Price Performance

Shares of OTCMKTS HNTIF remained flat at $5.43 during mid-day trading on Monday. The business’s 50-day moving average price is $5.90 and its 200 day moving average price is $6.33. Hunting has a twelve month low of $4.23 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.