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

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

Institutional Investors Weigh In On Nature Wood Group

A hedge fund recently bought a new stake in Nature Wood Group stock. Citadel Advisors LLC bought a new stake in shares of Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) during the 3rd quarter, according to its most recent 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 as of its most recent filing with the SEC.

Nature Wood Group Stock Performance

Shares of NWGL stock opened at $0.27 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.31 and a quick ratio of 1.08. The company’s fifty day simple moving average is $0.47 and its 200-day simple moving average is $0.88. Nature Wood Group has a 52 week low of $0.19 and a 52 week high of $1.82.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Nature Wood Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Nature Wood Group currently has a consensus rating of “Sell”.

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.