Worley Limited Unsponsored ADR (OTCMKTS:WYGPY) Sees Large Decline in Short Interest

Worley Limited Unsponsored ADR (OTCMKTS:WYGPY) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 660 shares, a drop of 47.5% from the April 30th total of 1,257 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 723 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded Worley from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Worley Stock Performance

OTCMKTS:WYGPY opened at $8.78 on Monday. Worley has a 1 year low of $6.49 and a 1 year high of $9.99. The firm has a 50 day moving average of $8.41 and a 200-day moving average of $8.58.

About Worley

Worley (OTCMKTS:WYGPY) is a global professional services company specializing in engineering, procurement and construction (EPC) solutions for the energy, chemicals and resources sectors. Headquartered in North Sydney, Australia, the firm offers project delivery, consulting and advisory services across the full asset lifecycle, from concept and feasibility through design, execution and operations support. Worley’s client base spans major international oil and gas companies, mining operators, petrochemical producers and utility providers.

The company’s service offerings encompass traditional engineering and project management as well as digital and sustainability-focused solutions.