Hunting PLC (OTCMKTS:HNTIF) Sees Significant Drop in Short Interest

Hunting PLC (OTCMKTS:HNTIF) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 79,900 shares, a decline of 64.4% from the January 15th total of 224,700 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is currently 88.8 days.

Hunting Stock Performance

Hunting stock traded down $0.35 during trading hours on Friday, hitting $4.05. 20,000 shares of the stock traded hands, compared to its average volume of 10,460. The firm’s 50-day moving average price is $4.07 and its two-hundred day moving average price is $4.57. Hunting has a one year low of $3.65 and a one year high of $5.74.

About Hunting

Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide. It operates in five segments: Hunting Titan; North America; Subsea Technologies; EMEA; and Asia Pacific. The company designs and manufactures perforating systems, energetics, instrumentation, and associated hardware; connection technology and OCTG; subsea technologies; supplies highly engineered tubular components, hollow rotating shafts, very accurate deep hole drilling, plus complex turned, and milled profiles; well intervention equipment; and well test and process systems.