Worley Limited (OTCMKTS:WYGPY) Sees Significant Decline in Short Interest

Worley Limited (OTCMKTS:WYGPY) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a decline of 66.7% from the February 28th total of 300 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 0.1 days.

Worley Stock Down 6.0 %

Shares of WYGPY stock opened at $9.10 on Thursday. Worley has a 52-week low of $7.82 and a 52-week high of $11.27. The company has a 50-day simple moving average of $9.23 and a two-hundred day simple moving average of $9.24. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.35.

Worley Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 24th. Investors of record on Monday, March 10th will be given a dividend of $0.1575 per share. This is an increase from Worley’s previous dividend of $0.14. The ex-dividend date of this dividend is Monday, March 10th.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered shares of Worley from a “moderate buy” rating to a “hold” rating in a research note on Friday, March 14th.

Worley Company Profile

Worley Limited provides professional project and asset services to energy, chemicals, and resources sectors worldwide. The company offers digital, consulting, engineering and design, construction management, construction and fabrication, supply chain management, project management, and operation and maintenance services, as well as maintenance, modification, and operation services.