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

Woodside Energy Group Ltd (NYSE:WDS) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 2,630,000 shares, a drop of 24.2% from the June 30th total of 3,470,000 shares. Based on an average trading volume of 952,000 shares, the short-interest ratio is currently 2.8 days.

Woodside Energy Group Trading Down 0.2 %

Shares of WDS traded down $0.04 during midday trading on Friday, hitting $17.73. The company’s stock had a trading volume of 1,097,815 shares, compared to its average volume of 755,257. The company has a current ratio of 1.03, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. Woodside Energy Group has a one year low of $17.37 and a one year high of $25.84. The company’s fifty day simple moving average is $18.68 and its two-hundred day simple moving average is $19.33.

Wall Street Analyst Weigh In

Separately, Macquarie upgraded Woodside Energy Group to a “strong-buy” rating in a research note on Sunday, June 23rd.

Institutional Investors Weigh In On Woodside Energy Group

Several hedge funds have recently modified their holdings of the company. Natixis Advisors L.P. boosted its holdings in shares of Woodside Energy Group by 15.4% during the 4th quarter. Natixis Advisors L.P. now owns 1,424,126 shares of the company’s stock valued at $30,034,000 after acquiring an additional 189,539 shares in the last quarter. Associated Banc Corp boosted its holdings in shares of Woodside Energy Group by 1.2% during the 4th quarter. Associated Banc Corp now owns 810,878 shares of the company’s stock valued at $17,101,000 after acquiring an additional 9,617 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Woodside Energy Group by 19.1% during the 1st quarter. Raymond James & Associates now owns 471,747 shares of the company’s stock valued at $9,421,000 after acquiring an additional 75,789 shares in the last quarter. XY Capital Ltd acquired a new stake in shares of Woodside Energy Group during the 4th quarter valued at $7,474,000. Finally, Nichols & Pratt Advisers LLP MA boosted its holdings in shares of Woodside Energy Group by 0.4% during the 2nd quarter. Nichols & Pratt Advisers LLP MA now owns 258,480 shares of the company’s stock valued at $4,862,000 after acquiring an additional 1,031 shares in the last quarter. Institutional investors and hedge funds own 3.17% of the company’s stock.

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.