Woodside Energy Group Ltd (NYSE:WDS) Short Interest Up 96.4% in December

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

Analyst Ratings Changes

WDS has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Woodside Energy Group in a report on Monday, December 29th. Wall Street Zen lowered Woodside Energy Group from a “hold” rating to a “sell” rating in a research report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Woodside Energy Group has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Woodside Energy Group

Several institutional investors and hedge funds have recently modified their holdings of WDS. Geneos Wealth Management Inc. boosted its stake in shares of Woodside Energy Group by 111.3% in the first quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company’s stock worth $30,000 after buying an additional 1,102 shares during the last quarter. Rothschild Investment LLC boosted its position in Woodside Energy Group by 137.7% in the 2nd quarter. Rothschild Investment LLC now owns 2,073 shares of the company’s stock worth $32,000 after purchasing an additional 1,201 shares in the last quarter. MAI Capital Management grew its stake in shares of Woodside Energy Group by 206.6% during the 2nd quarter. MAI Capital Management now owns 2,287 shares of the company’s stock worth $35,000 after purchasing an additional 1,541 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Woodside Energy Group by 38.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,317 shares of the company’s stock worth $36,000 after purchasing an additional 646 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Woodside Energy Group by 105.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,723 shares of the company’s stock valued at $42,000 after purchasing an additional 1,398 shares in the last quarter. Institutional investors and hedge funds own 3.17% of the company’s stock.

Woodside Energy Group Price Performance

WDS traded down $0.24 during trading on Thursday, reaching $15.91. 333,651 shares of the company’s stock were exchanged, compared to its average volume of 1,029,431. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.74 and a current ratio of 1.90. Woodside Energy Group has a 1 year low of $11.26 and a 1 year high of $17.70. The company’s fifty day simple moving average is $16.20 and its 200-day simple moving average is $16.16.

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.