NatWest Group PLC (OTCMKTS:RBSPF) Short Interest Down 35.9% in August

NatWest Group PLC (OTCMKTS:RBSPF) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 878,647 shares, a decline of 35.9% from the August 15th total of 1,370,458 shares. Based on an average trading volume of 11,545 shares, the short-interest ratio is currently 76.1 days. Approximately 0.0% of the company’s stock are sold short.

NatWest Group Price Performance

RBSPF traded up $0.18 during midday trading on Thursday, reaching $9.35. 6,575 shares of the company’s stock were exchanged, compared to its average volume of 22,895. NatWest Group has a 1-year low of $6.71 and a 1-year high of $9.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.04. The business’s 50-day moving average price is $9.20 and its 200 day moving average price is $8.41. The stock has a market capitalization of $74.94 billion, a PE ratio of 9.35 and a beta of 0.95.

NatWest Group (OTCMKTS:RBSPF) last released its earnings results on Friday, July 31st. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%.The firm had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.83 billion.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, NatWest Group presently has a consensus rating of “Buy”.

NatWest Group Company Profile

NatWest Group plc is a United Kingdom-based banking and financial services company. Formerly known as The Royal Bank of Scotland Group, the company adopted the NatWest Group name in 2020. It serves individuals, families, businesses and institutional customers through well-known brands including NatWest, Royal Bank of Scotland and Ulster Bank.

The group provides personal and business current accounts, savings products, mortgages, personal and commercial lending, credit cards, payment services and wealth management.