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

Hunting PLC (OTCMKTS:HNTIF) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 20,200 shares, a drop of 84.6% from the February 28th total of 131,200 shares. Based on an average daily trading volume, of 6,800 shares, the short-interest ratio is presently 3.0 days.

Hunting Price Performance

Shares of OTCMKTS:HNTIF remained flat at $3.80 during midday trading on Thursday. Hunting has a 52-week low of $3.65 and a 52-week high of $5.74. The company has a 50-day moving average of $4.11 and a two-hundred day moving average of $4.25.

Hunting Company Profile

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.