Short Interest in John Wood Group PLC (OTCMKTS:WDGJF) Rises By 183.4%

John Wood Group PLC (OTCMKTS:WDGJF) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 447,800 shares, a growth of 183.4% from the January 15th total of 158,000 shares. Based on an average trading volume of 3,300 shares, the short-interest ratio is presently 135.7 days.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. assumed coverage on shares of John Wood Group in a research note on Thursday, October 17th. They issued an “overweight” rating for the company.

John Wood Group Price Performance

Shares of John Wood Group stock remained flat at $0.86 during midday trading on Wednesday. The company has a 50 day moving average of $0.83 and a 200 day moving average of $1.29. John Wood Group has a 12 month low of $0.61 and a 12 month high of $2.69.

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.