John Wood Group PLC (OTCMKTS:WDGJF – Get Free Report) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totalling 51,700 shares, a decline of 35.9% from the November 30th total of 80,700 shares. Based on an average trading volume of 8,700 shares, the short-interest ratio is currently 5.9 days.
John Wood Group Trading Down 1.9 %
OTCMKTS WDGJF opened at $0.80 on Friday. The firm’s 50 day moving average price is $1.01 and its two-hundred day moving average price is $1.70. John Wood Group has a twelve month low of $0.61 and a twelve month high of $2.74.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. began coverage on shares of John Wood Group in a research note on Thursday, October 17th. They set an “overweight” rating for the company.
About John Wood Group
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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