Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) Short Interest Update

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 137,750 shares, a drop of 67.7% from the June 30th total of 426,595 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 653,281 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Nature Wood Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Nature Wood Group Stock Down 2.2%

Shares of Nature Wood Group stock opened at $0.27 on Friday. Nature Wood Group has a 1-year low of $0.19 and a 1-year high of $1.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.08 and a current ratio of 1.31. The business has a 50-day moving average of $0.47 and a 200-day moving average of $0.88.

Nature Wood Group (NASDAQ:NWGL) last released its quarterly earnings results on Monday, April 27th. The company reported ($0.16) EPS for the quarter. The company had revenue of $3.22 million during the quarter.

Hedge Funds Weigh In On Nature Wood Group

An institutional investor recently bought a new position in Nature Wood Group stock. Citadel Advisors LLC bought a new stake in shares of Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 39,355 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned about 0.24% of Nature Wood Group at the end of the most recent quarter.

Nature Wood Group Company Profile

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.