Worley Limited Unsponsored ADR (OTCMKTS:WYGPY) Short Interest Update

Key Points

• Worley Limited's short interest decreased by 25.0% in August, totaling 300 shares, leading to a short-interest ratio of 1.0 days.
• The company announced a dividend of $0.1295 per share scheduled for payment on October 16th, with a significant yield of 267.0%.
• Royal Bank of Canada upgraded Worley's rating from "hold" to a "moderate buy", contributing to an overall average rating of "Buy" for the stock.

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY - Get Free Report) saw a significant decrease in short interest in the month of August. As of August 15th, there was short interest totaling 300 shares, a decrease of 25.0% from the July 31st total of 400 shares. Based on an average daily volume of 300 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 300 shares, the short-interest ratio is currently 1.0 days.

Worley Trading Down 6.9%

Shares of OTCMKTS:WYGPY traded down $0.67 during trading on Friday, reaching $9.02. 543 shares of the stock traded hands, compared to its average volume of 909. The stock has a 50-day moving average of $8.77 and a two-hundred day moving average of $8.46. Worley has a 52-week low of $6.59 and a 52-week high of $10.69.

Worley Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, September 9th will be given a $0.1295 dividend. The ex-dividend date is Monday, September 8th. This represents a yield of 267.0%.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada raised shares of Worley from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

About Worley

Worley Limited provides professional project and asset services to energy, chemicals, and resources sectors worldwide. The company offers digital, consulting, engineering and design, construction management, construction and fabrication, supply chain management, project management, and operation and maintenance services, as well as maintenance, modification, and operation services.