Woodside Energy Group Ltd (NYSE:WDS) Sees Significant Increase in Short Interest

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 2,320,000 shares, an increase of 31.8% from the April 30th total of 1,760,000 shares. Based on an average daily volume of 1,040,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.1% of the company's shares are sold short.

Woodside Energy Group Trading Up 1.3%

NYSE WDS traded up $0.19 during mid-day trading on Friday, hitting $15.05. The company's stock had a trading volume of 424,548 shares, compared to its average volume of 952,544. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. Woodside Energy Group has a 52-week low of $11.26 and a 52-week high of $20.17. The stock's fifty day simple moving average is $13.32 and its two-hundred day simple moving average is $14.63. The firm has a market capitalization of $28.58 billion, a P/E ratio of 18.35 and a beta of 0.63.

Analysts Set New Price Targets

WDS has been the subject of several research reports. Citigroup raised shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a research note on Tuesday, February 25th. Macquarie downgraded Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

Institutional Investors Weigh In On Woodside Energy Group

Several large investors have recently made changes to their positions in the business. Huntington National Bank boosted its position in Woodside Energy Group by 482.5% during the 4th quarter. Huntington National Bank now owns 1,730 shares of the company's stock worth $27,000 after purchasing an additional 1,433 shares during the period. R Squared Ltd purchased a new position in Woodside Energy Group in the fourth quarter valued at about $30,000. Greenline Partners LLC acquired a new position in shares of Woodside Energy Group during the fourth quarter worth about $30,000. Geneos Wealth Management Inc. boosted its position 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 period. Finally, Addison Advisors LLC boosted its position in shares of Woodside Energy Group by 559.9% in the fourth quarter. Addison Advisors LLC now owns 1,973 shares of the company's stock worth $31,000 after buying an additional 1,674 shares during the period. Institutional investors and hedge funds own 3.17% of the company's stock.

Woodside Energy Group Company Profile

Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, and marketing of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe. The company produces liquefied natural gas, pipeline gas, crude oil and condensate, and natural gas liquids. It holds interests in the Pluto LNG, North West Shelf, Wheatstone and Julimar-Brunello, Bass Strait, Ngujima-Yin FPSO, Okha FPSO, Pyrenees FPSO, Macedon, Shenzi, Mad dog, Greater Angostura, as well as Scarborough, Sangomar, Trion, Calypso, Browse, Liard, Atlantis, Woodside Solar opportunity, and Sunrise and Troubadour.