NatWest Group PLC (OTCMKTS:RBSPF) Shares Shorted: Short Interest Down 40.4% in September

NatWest Group PLC (OTCMKTS:RBSPF) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 523,461 shares, a decrease of 40.4% from the August 31st total of 878,647 shares. Based on an average daily volume of 19,931 shares, the short-interest ratio is presently 26.3 days. Approximately 0.0% of the company’s shares are sold short.

NatWest Group Stock Down 4.7%

OTCMKTS RBSPF traded down $0.43 during mid-day trading on Thursday, hitting $8.64. The company’s stock had a trading volume of 1,277 shares, compared to its average volume of 24,126. The firm has a market capitalization of $69.25 billion, a price-to-earnings ratio of 8.64 and a beta of 0.95. The company’s 50 day simple moving average is $9.25 and its 200 day simple moving average is $8.50. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. NatWest Group has a twelve month low of $6.75 and a twelve month high of $9.80.

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

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a report 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 a consensus rating of “Buy”.

About NatWest Group

NatWest Group plc is a United Kingdom-based banking and financial services company headquartered in Edinburgh, Scotland. The group provides banking, lending, savings, payments and investment-related services to individuals, families, businesses and institutional customers.

Its principal brands include NatWest, Royal Bank of Scotland and Ulster Bank. Personal banking services include current accounts, mortgages, personal loans, credit cards, savings products and digital banking. The group also provides private banking and wealth management services, along with financing, cash management, risk management and other banking solutions for small and medium-sized businesses, larger companies and institutional clients.

The company traces its history to several long-established UK banking institutions and operated as The Royal Bank of Scotland Group before adopting the NatWest Group name in 2020.