Woodside Energy Group Ltd (NYSE:WDS) Short Interest Update

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 target of a large 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 volume of 888,700 shares, the days-to-cover ratio is currently 1.9 days. Currently,0.1% of the company's shares are sold short. Currently,0.1% of the company's shares are sold short. Based on an average daily volume of 888,700 shares, the days-to-cover ratio is currently 1.9 days.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on WDS shares. Macquarie lowered 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 given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold".

Institutional Trading of Woodside Energy Group

Large investors have recently made changes to their positions in the stock. Huntington National Bank raised its holdings in shares of Woodside Energy Group by 482.5% in the fourth quarter. Huntington National Bank now owns 1,730 shares of the company's stock valued at $27,000 after acquiring an additional 1,433 shares in the last quarter. Greenline Partners LLC purchased a new stake in Woodside Energy Group in the fourth quarter valued at approximately $30,000. Geneos Wealth Management Inc. boosted its position in Woodside Energy Group by 111.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company's stock worth $30,000 after purchasing an additional 1,102 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Woodside Energy Group by 105.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,723 shares of the company's stock valued at $42,000 after buying an additional 1,398 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Woodside Energy Group by 135.6% during the 4th quarter. Bessemer Group Inc. now owns 3,603 shares of the company's stock valued at $56,000 after buying an additional 2,074 shares in the last quarter. 3.17% of the stock is owned by hedge funds and other institutional investors.

Woodside Energy Group Trading Up 1.3%

NYSE WDS traded up $0.22 on Tuesday, hitting $17.15. 243,873 shares of the stock were exchanged, compared to its average volume of 924,824. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.29. The stock has a fifty day moving average price of $15.82 and a two-hundred day moving average price of $14.76. The firm has a market capitalization of $32.56 billion, a P/E ratio of 20.92 and a beta of 0.67. Woodside Energy Group has a 52-week low of $11.26 and a 52-week high of $18.44.

About Woodside Energy Group

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.