Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) Short Interest Down 18.2% in December

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 4,867 shares, a drop of 18.2% from the December 15th total of 5,953 shares. Based on an average trading volume of 9,097 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 9,097 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Nature Wood Group

A hedge fund recently bought a new stake in Nature Wood Group stock. Citadel Advisors LLC bought a new stake in shares of Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 39,355 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned 0.24% of Nature Wood Group as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Nature Wood Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Nature Wood Group Stock Performance

Shares of NWGL stock traded up $0.01 during mid-day trading on Monday, hitting $1.18. The company’s stock had a trading volume of 4,800 shares, compared to its average volume of 8,461. The company’s fifty day simple moving average is $1.23 and its 200-day simple moving average is $1.28. Nature Wood Group has a 52 week low of $0.91 and a 52 week high of $6.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.29 and a current ratio of 1.59.

Nature Wood Group (NASDAQ:NWGL) last announced its earnings results on Monday, December 29th. The company reported $0.01 EPS for the quarter. The business had revenue of $4.05 million for the quarter.

About Nature Wood Group

Nature Wood Group, Inc engages in the design, manufacture and sale of wood-based panels and decorative surfaces for use in furniture, cabinetry, flooring and interior fit-outs. The company’s offerings include medium-density fiberboard, melamine-faced panels, decorative paper and edge-banding products, all tailored to meet the specifications of residential and commercial customers.

Through an integrated production model, Nature Wood Group oversees key stages from raw material procurement and wood refining to finishing and quality control.