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

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

Analyst Ratings Changes

Separately, Weiss Ratings raised Nature Wood Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Nature Wood Group

An institutional investor recently bought a new position in Nature Wood Group stock. Citadel Advisors LLC bought a new position in shares of Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 39,355 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned 0.24% of Nature Wood Group at the end of the most recent reporting period.

Nature Wood Group Stock Up 0.1%

NWGL traded up $0.00 during trading on Wednesday, reaching $0.77. 21,214 shares of the company were exchanged, compared to its average volume of 69,718. The firm has a 50 day moving average of $0.88 and a 200 day moving average of $1.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.31 and a quick ratio of 1.08. Nature Wood Group has a 52 week low of $0.61 and a 52 week high of $6.61.

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