NatWest Group PLC (OTCMKTS:RBSPF) Sees Significant Growth in Short Interest

NatWest Group PLC (OTCMKTS:RBSPF) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,417,381 shares, an increase of 123.0% from the September 30th total of 635,481 shares. Based on an average daily volume of 19,407 shares, the short-interest ratio is presently 73.0 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

NatWest Group Stock Performance

Shares of OTCMKTS:RBSPF opened at $8.54 on Friday. The firm’s 50 day simple moving average is $8.96 and its 200 day simple moving average is $8.52. NatWest Group has a fifty-two week low of $6.75 and a fifty-two week high of $9.80. The company has a market capitalization of $68.41 billion, a price-to-earnings ratio of 8.54 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.04.

NatWest Group (OTCMKTS:RBSPF) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. The firm had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $5.83 billion.

About NatWest Group

NatWest Group plc is a United Kingdom-based banking and financial services group formerly known as The Royal Bank of Scotland Group. The group serves individuals, families, businesses and institutions through brands including NatWest, Royal Bank of Scotland and Ulster Bank in Northern Ireland.

Its personal banking activities include current and savings accounts, mortgages, credit cards, personal loans, insurance and digital banking services. NatWest also provides private banking and wealth management services, while its business and commercial banking operations offer lending, payments, cash management, trade finance and other financial services to small businesses, mid-sized companies, large corporations and institutional clients.

NatWest Group primarily serves customers in the United Kingdom, with operations and services focused on the country’s retail, commercial and institutional banking markets.