Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) Stock Short Interest Falls 75.3%

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) was the target of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 82,810 shares, a decrease of 75.3% from the October 15th total of 335,402 shares. Based on an average daily trading volume, of 99,615,975 shares, the short-interest ratio is currently 0.0 days. Currently, 0.5% of the shares of the company are sold short.

Nature Wood Group Stock Down 7.9%

NASDAQ:NWGL traded down $0.19 during mid-day trading on Friday, reaching $2.23. The stock had a trading volume of 142,503 shares, compared to its average volume of 364,719. Nature Wood Group has a 12 month low of $1.81 and a 12 month high of $158.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.12 and a current ratio of 1.23. The stock has a 50-day simple moving average of $62.23 and a two-hundred day simple moving average of $62.09.

Nature Wood Group (NASDAQ:NWGL) last released its earnings results on Tuesday, October 6th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $1.48 million during the quarter.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Nature Wood Group from a “hold” rating to a “sell” rating in a research report on Saturday, October 10th. Weiss Ratings upgraded Nature Wood Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

About Nature Wood Group

Nature Wood Group Limited is a forestry and timber products company focused on the sourcing, harvesting, processing and sale of wood products. Its activities include timber operations, log procurement and the production and distribution of sawn timber and related wood products for commercial and industrial customers. The company’s business spans forestry resources in Suriname and timber processing and sales activities in China. Through its operations and subsidiaries, Nature Wood Group serves customers in the timber and wood-products markets while participating in the supply chain from forest resources to processed lumber.