What’s Next for WORLEY PARSONS LTD ORDINARY SHARES AUST (OTCMKTS:WYGPF) After Having More Shares Shorted?

June 15, 2018 - By Adrian Erickson

WorleyParsons Limited (OTCMKTS:WYGPF) Logo

The stock of WORLEY PARSONS LTD ORDINARY SHARES AUST (OTCMKTS:WYGPF) registered an increase of 1.69% in short interest. WYGPF’s total short interest was 252,700 shares in June as published by FINRA. Its up 1.69% from 248,500 shares, reported previously. With 400 shares average volume, it will take short sellers 632 days to cover their WYGPF’s short positions. The short interest to WORLEY PARSONS LTD ORDINARY SHARES AUST’s float is 0.15%.

It closed at $12.401 lastly. It is down 0.00% since June 15, 2017 and is . It has underperformed by 12.57% the S&P500.

WorleyParsons Limited provides professional services to the resources and energy sectors in Australia and internationally. The company has market cap of $3.50 billion. The firm provides engineering design and project delivery services, including maintenance, reliability support, and advisory services. It has a 113.77 P/E ratio. The firm offers engineering and project management services to the floating production systems, heavy oil and oil sands, offshore topsides, offshore pipelines and subsea systems, onshore pipelines and receiving terminals, onshore gas and oil production facilities, sulphur recovery plants, arctic and cold climate, and unconventional gas and oil facilities, as well as for petrochemicals, refining, and LNG sectors.

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