Woodside Energy Group Ltd (NYSE:WDS) Short Interest Update

Woodside Energy Group Ltd (NYSE:WDS) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 4,255,920 shares, an increase of 96.4% from the December 15th total of 2,166,850 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 1,294,988 shares, the days-to-cover ratio is currently 3.3 days. Based on an average daily volume of 1,294,988 shares, the days-to-cover ratio is currently 3.3 days. Currently, 0.2% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WDS. Weiss Ratings reiterated a “hold (c-)” rating on shares of Woodside Energy Group in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Woodside Energy Group from a “hold” rating to a “sell” rating in a research note on Sunday, January 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Institutional Investors Weigh In On Woodside Energy Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vise Technologies Inc. purchased a new stake in shares of Woodside Energy Group during the 2nd quarter worth approximately $325,000. Callan Family Office LLC purchased a new stake in Woodside Energy Group in the second quarter worth $675,000. Sequoia Financial Advisors LLC raised its stake in shares of Woodside Energy Group by 295.7% in the second quarter. Sequoia Financial Advisors LLC now owns 50,963 shares of the company’s stock valued at $786,000 after buying an additional 38,083 shares during the period. Abel Hall LLC purchased a new position in shares of Woodside Energy Group during the 2nd quarter valued at $650,000. Finally, Hourglass Capital LLC grew its stake in shares of Woodside Energy Group by 15.1% during the 2nd quarter. Hourglass Capital LLC now owns 310,814 shares of the company’s stock worth $4,796,000 after acquiring an additional 40,704 shares during the period. 3.17% of the stock is owned by hedge funds and other institutional investors.

Woodside Energy Group Stock Performance

Shares of NYSE WDS traded up $0.15 during mid-day trading on Friday, reaching $15.91. 678,876 shares of the company’s stock traded hands, compared to its average volume of 956,764. The company has a quick ratio of 1.74, a current ratio of 1.90 and a debt-to-equity ratio of 0.31. The business has a 50-day simple moving average of $16.16 and a 200 day simple moving average of $16.16. Woodside Energy Group has a 1-year low of $11.26 and a 1-year high of $17.70.

Woodside Energy Group Company Profile

Woodside Energy Group (NYSE: WDS) is an Australia-based energy company focused on the exploration, development, production and marketing of oil and natural gas, with a strong emphasis on liquefied natural gas (LNG). The company’s activities span the upstream value chain, including exploration and appraisal of hydrocarbon resources, development and operation of production facilities, and the sale and delivery of hydrocarbons to global customers.

Woodside’s operations center on conventional oil and gas projects and large-scale LNG processing and export, supported by project management, engineering and commercial trading capabilities.