John Wood Group PLC (OTCMKTS:WDGJF) Short Interest Update

John Wood Group PLC (OTCMKTS:WDGJF) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 198,200 shares, an increase of 283.4% from the December 15th total of 51,700 shares. Based on an average daily trading volume, of 2,800 shares, the days-to-cover ratio is currently 70.8 days.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. began coverage on John Wood Group in a research report on Thursday, October 17th. They issued an “overweight” rating on the stock.

John Wood Group Stock Down 8.0 %

John Wood Group stock traded down $0.07 during mid-day trading on Monday, reaching $0.76. 3,635 shares of the company traded hands, compared to its average volume of 4,045. John Wood Group has a 52-week low of $0.61 and a 52-week high of $2.69. The firm’s 50 day moving average price is $0.82 and its 200 day moving average price is $1.56.

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.