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 significant decrease in short interest in the month of 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. Based on an average daily trading volume, of 330,099 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the company’s stock are short sold.

Nature Wood Group Stock Performance

Shares of Nature Wood Group stock traded up $0.01 during trading hours on Friday, reaching $1.17. 32,953 shares of the company’s stock were exchanged, compared to its average volume of 674,792. The company has a fifty day moving average of $0.97 and a 200-day moving average of $0.75. The company has a current ratio of 1.23, a quick ratio of 1.12 and a debt-to-equity ratio of 0.06. Nature Wood Group has a 52-week low of $0.19 and a 52-week high of $1.98.

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

Analyst Upgrades and Downgrades

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

Nature Wood Group Company Profile

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.