Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) Shares Shorted: Short Interest Down 88.6% in September

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 67,264 shares, a decrease of 88.6% from the September 15th total of 588,299 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 330,099 shares, the short-interest ratio is currently 0.2 days.

Nature Wood Group Stock Performance

Shares of NASDAQ NWGL traded up $0.01 during midday trading on Friday, reaching $1.17. The stock had a trading volume of 32,953 shares, compared to its average volume of 678,999. The stock has a 50-day moving average of $0.97 and a 200-day moving average of $0.75. Nature Wood Group has a 12-month low of $0.19 and a 12-month high of $1.98.

Nature Wood Group (NASDAQ:NWGL) last announced its quarterly earnings data on Tuesday, October 6th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $1.48 million during the quarter.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Weiss Ratings upgraded Nature Wood Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 24th. Wall Street Zen cut Nature Wood Group from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Nature Wood Group presently has an average rating of “Sell”.

About Nature Wood Group

Nature Wood Group Limited (NASDAQ: NWGL) is a forestry and wood-products company focused on the development, processing, and sale of timber and related wood products. Its business is centered on sourcing and managing forest resources and supplying wood materials for use in construction, furniture, manufacturing, and other applications.

The company’s activities include the sale of logs and processed timber, along with other forest-derived products. Nature Wood Group emphasizes the use and management of forest resources and serves customers in the wood-products supply chain, with operations and business activities primarily associated with China.

Publicly available information about the company’s operating segments, geographic expansion, and leadership history is limited.