John Wood Group PLC (OTCMKTS:WDGJF – Get Free Report) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 51,700 shares, a drop of 35.9% from the November 30th total of 80,700 shares. Based on an average daily volume of 8,700 shares, the short-interest ratio is currently 5.9 days.
John Wood Group Stock Down 1.9 %
Shares of WDGJF stock opened at $0.80 on Monday. John Wood Group has a 12 month low of $0.61 and a 12 month high of $2.74. The company has a 50 day simple moving average of $1.01 and a two-hundred day simple moving average of $1.68.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. initiated coverage on John Wood Group in a research note on Thursday, October 17th. They set an “overweight” rating for the company.
John Wood Group Company Profile
John Wood Group PLC, together with its subsidiaries, engages in the provision of consulting, project management, and engineering solutions to energy and built environment worldwide. It operates through Projects, Operations, Consulting, and Investment Services segments. The Projects segment provides engineering design and project management services across energy and materials markets including oil and gas, chemicals, mining, minerals, and life sciences.
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