Woodside Energy Group Ltd (OTCMKTS:WOPEY) Sees Significant Increase in Short Interest

Woodside Energy Group Ltd (OTCMKTS:WOPEYGet Rating) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 50,600 shares, a growth of 703.2% from the May 15th total of 6,300 shares. Based on an average daily trading volume, of 145,800 shares, the days-to-cover ratio is presently 0.3 days.

Several hedge funds have recently added to or reduced their stakes in the company. Yousif Capital Management LLC purchased a new position in shares of Woodside Energy Group in the fourth quarter worth $237,000. Captrust Financial Advisors raised its stake in Woodside Energy Group by 34.7% during the first quarter. Captrust Financial Advisors now owns 7,273 shares of the oil and gas exploration company’s stock valued at $174,000 after purchasing an additional 1,874 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Woodside Energy Group during the fourth quarter valued at $42,000.

Shares of WOPEY stock traded down $0.13 during mid-day trading on Friday, hitting $24.89. The company had a trading volume of 1,451,446 shares, compared to its average volume of 48,211. Woodside Energy Group has a 52-week low of $13.80 and a 52-week high of $26.14. The stock’s 50 day moving average price is $22.74 and its 200-day moving average price is $20.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.63 and a quick ratio of 1.55.

About Woodside Energy Group (Get Rating)

Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons in Oceania, Asia, Canada, Africa, and internationally. The company produces liquefied natural gas, pipeline natural gas, condensate, liquefied petroleum gas, and crude oil. It holds interests in the Greater Browse, Greater Sunrise, Greater Pluto, Greater Exmouth, North West Shelf, Wheatstone, Julimar-Brunello, Canada, Senegal, Greater Scarborough, and Myanmar projects.

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