Short Interest in Worley Limited Unsponsored ADR (OTCMKTS:WYGPY) Decreases By 48.8%

Key Points

• Short interest in WYGPY fell by 48.8% to 4,967 shares as of April 15, leaving a days-to-cover ratio of 0.9 days based on average daily volume of 5,696 shares.
• Shares opened at $8.26, with a 50-day simple moving average of $8.18 and a 200-day SMA of $8.63, trading in a 52-week range of $6.49 to $9.99.
• Jefferies downgraded Worley from a "strong-buy" to a "hold", while MarketBeat shows a consensus rating of "Moderate Buy" (one Buy, one Hold).

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY - Get Free Report) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 4,967 shares, a drop of 48.8% from the March 31st total of 9,703 shares. Based on an average daily volume of 5,696 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.0% of the shares of the stock are sold short.

Worley Stock Performance

Shares of OTCMKTS WYGPY opened at $8.26 on Monday. The stock's fifty day simple moving average is $8.18 and its 200 day simple moving average is $8.63. Worley has a 52-week low of $6.49 and a 52-week high of $9.99.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut Worley from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 26th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Worley currently has a consensus rating of "Moderate Buy".

Worley Company Profile

Worley OTCMKTS: WYGPY is a global professional services company specializing in engineering, procurement and construction (EPC) solutions for the energy, chemicals and resources sectors. Headquartered in North Sydney, Australia, the firm offers project delivery, consulting and advisory services across the full asset lifecycle, from concept and feasibility through design, execution and operations support. Worley's client base spans major international oil and gas companies, mining operators, petrochemical producers and utility providers.

The company's service offerings encompass traditional engineering and project management as well as digital and sustainability-focused solutions.

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