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 target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 67,264 shares, a drop of 88.6% from the September 15th total of 588,299 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 330,099 shares, the days-to-cover ratio is presently 0.2 days.

Nature Wood Group Stock Performance

NASDAQ:NWGL traded up $0.01 during trading hours on Friday, reaching $1.17. The company’s stock had a trading volume of 32,953 shares, compared to its average volume of 678,999. The stock has a 50 day moving average price of $0.97 and a two-hundred day moving average price of $0.75. Nature Wood Group has a 12 month low of $0.19 and a 12 month high of $1.98.

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

Analyst Ratings Changes

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