Short Interest in John Wood Group PLC (OTCMKTS:WDGJF) Decreases By 16.4%

John Wood Group PLC (OTCMKTS:WDGJF – Get Rating) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 35,600 shares, a drop of 16.4% from the March 31st total of 42,600 shares. Based on an average daily volume of 9,300 shares, the days-to-cover ratio is presently 3.8 days.

OTCMKTS WDGJF opened at $2.76 on Wednesday. John Wood Group has a 52-week low of $2.00 and a 52-week high of $4.12. The business’s 50-day moving average price is $2.32 and its 200 day moving average price is $2.67.

WDGJF has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on John Wood Group from GBX 290 ($3.62) to GBX 285 ($3.56) in a report on Monday, April 25th. Jefferies Financial Group raised John Wood Group from an “underperform” rating to a “hold” rating in a report on Monday, April 11th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $307.50.

About John Wood Group (Get Rating)

John Wood Group PLC, together with its subsidiaries, provides consulting, project management, and engineering solutions to energy and built environment worldwide. It operates through four segments: Asset Solutions Europe, Africa, Asia, Australia; Assets Solutions Americas; Technical Consulting Solutions; and Investment Services.

Read More