Short Interest in Woodside Energy Group Ltd (NYSE:WDS) Rises By 76,263.6%

Key Points

• Woodside Energy Group Ltd experienced a dramatic increase in short interest in July, rising by 76,263.6% to 1,680,000 shares from just 2,200 shares at the end of June.
• Shares of WDS fell 0.3%, trading at $16.89, while the company holds a market cap of $32.06 billion and a price-to-earnings ratio of 20.58.
• Institutional investors have actively adjusted their positions, with significant increases from firms such as Huntington National Bank and Bessemer Group, indicating growing interest in the stock.

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 1,680,000 shares, agrowthof76,263.6% from the June 30th total of 2,200 shares. Based on an average daily trading volume, of 888,700 shares, the days-to-cover ratio is presently 1.9 days. Approximately0.1% of the shares of the stock are sold short. Approximately0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 888,700 shares, the days-to-cover ratio is presently 1.9 days.

Woodside Energy Group Stock Performance

Shares of Woodside Energy Group stock traded up $0.09 during midday trading on Monday, hitting $16.94. The company had a trading volume of 103,120 shares, compared to its average volume of 927,355. The stock has a market cap of $32.16 billion, a price-to-earnings ratio of 20.69 and a beta of 0.67. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $15.76 and a 200 day simple moving average of $14.75. Woodside Energy Group has a 12-month low of $11.26 and a 12-month high of $18.44.

Hedge Funds Weigh In On Woodside Energy Group

A number of institutional investors have recently bought and sold shares of the business. Northern Trust Corp increased its holdings in shares of Woodside Energy Group by 713.0% during the 4th quarter. Northern Trust Corp now owns 1,089,286 shares of the company's stock valued at $16,993,000 after purchasing an additional 955,303 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Woodside Energy Group during the 4th quarter valued at approximately $7,809,000. Raymond James Financial Inc. purchased a new position in shares of Woodside Energy Group during the 4th quarter valued at approximately $6,554,000. Voloridge Investment Management LLC purchased a new position in shares of Woodside Energy Group during the 4th quarter valued at approximately $5,388,000. Finally, Jane Street Group LLC increased its holdings in shares of Woodside Energy Group by 648.0% during the 1st quarter. Jane Street Group LLC now owns 383,379 shares of the company's stock valued at $5,555,000 after purchasing an additional 332,125 shares in the last quarter. 3.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WDS. Macquarie downgraded shares of Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 8th. CLSA upgraded shares of Woodside Energy Group to a "strong-buy" rating in a research report on Tuesday, June 24th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold".

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.