Short Interest in NatWest Group plc (NYSE:NWG) Drops By 27.4%

NatWest Group plc (NYSE:NWG) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,620,000 shares, a decline of 27.4% from the September 30th total of 2,230,000 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 3,260,000 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 3,260,000 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On NatWest Group

Institutional investors have recently bought and sold shares of the company. Dogwood Wealth Management LLC bought a new stake in shares of NatWest Group during the 2nd quarter worth $26,000. Salomon & Ludwin LLC grew its stake in NatWest Group by 2,941.7% in the third quarter. Salomon & Ludwin LLC now owns 1,825 shares of the company’s stock worth $27,000 after purchasing an additional 1,765 shares during the period. Zions Bancorporation National Association UT purchased a new position in shares of NatWest Group during the first quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new stake in NatWest Group in the first quarter worth $39,000. Finally, True Wealth Design LLC purchased a new stake in NatWest Group during the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Trading Down 1.0%

NYSE NWG traded down $0.15 during trading hours on Tuesday, hitting $15.33. 748,369 shares of the company’s stock were exchanged, compared to its average volume of 4,487,268. The stock has a 50-day simple moving average of $14.50 and a 200 day simple moving average of $14.05. The firm has a market cap of $61.63 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.66 and a beta of 1.05. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.14. NatWest Group has a 1-year low of $9.16 and a 1-year high of $15.69.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, October 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.03. The business had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.63 billion. NatWest Group had a net margin of 18.18% and a return on equity of 12.77%. On average, equities analysts forecast that NatWest Group will post 1.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on NWG. BNP Paribas Exane downgraded shares of NatWest Group from a “neutral” rating to an “underperform” rating in a report on Friday, September 5th. BNP Paribas lowered NatWest Group from a “hold” rating to a “strong sell” rating in a research report on Friday, September 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a report on Wednesday, October 8th. Finally, Zacks Research raised NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

About NatWest Group

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.