Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) Sees Significant Decrease in Short Interest

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 23,017 shares, a decline of 50.7% from the April 30th total of 46,734 shares. Based on an average daily volume of 175,677 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Nature Wood Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Nature Wood Group currently has an average rating of “Sell”.

Institutional Investors Weigh In On Nature Wood Group

A hedge fund recently bought a new stake in Nature Wood Group stock. Citadel Advisors LLC purchased a new stake in Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 39,355 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned approximately 0.24% of Nature Wood Group as of its most recent filing with the Securities and Exchange Commission.

Nature Wood Group Trading Up 0.2%

Shares of NASDAQ NWGL traded up $0.00 during midday trading on Tuesday, hitting $0.78. 9,960 shares of the stock traded hands, compared to its average volume of 90,178. The company has a current ratio of 1.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.01. Nature Wood Group has a one year low of $0.61 and a one year high of $6.61. The business has a 50 day moving average price of $0.88 and a two-hundred day moving average price of $1.11.

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