NatWest Group plc (NYSE:NWG) Sees Significant Decrease in Short Interest

NatWest Group plc (NYSE:NWG) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 1,400,000 shares, a decrease of 16.7% from the December 15th total of 1,680,000 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 2,150,000 shares, the short-interest ratio is presently 0.7 days.

NatWest Group Stock Up 0.7 %

Shares of NWG traded up $0.08 on Friday, reaching $10.21. The company’s stock had a trading volume of 3,090,739 shares, compared to its average volume of 1,685,754. NatWest Group has a twelve month low of $5.16 and a twelve month high of $10.75. The stock has a market capitalization of $41.04 billion, a PE ratio of 7.73, a PEG ratio of 0.67 and a beta of 1.31. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $10.14 and a 200-day moving average of $9.46.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. The Goldman Sachs Group started coverage on NatWest Group in a research note on Friday, October 4th. They issued a “buy” rating for the company. Jefferies Financial Group raised NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Institutional Trading of NatWest Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Private Trust Co. NA boosted its position in shares of NatWest Group by 121.3% during the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock valued at $26,000 after buying an additional 1,499 shares during the last quarter. Bruce G. Allen Investments LLC lifted its stake in NatWest Group by 285.3% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock valued at $26,000 after acquiring an additional 2,083 shares in the last quarter. Hilltop National Bank purchased a new position in NatWest Group during the 4th quarter worth $29,000. Hexagon Capital Partners LLC grew its stake in shares of NatWest Group by 134.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock worth $32,000 after acquiring an additional 1,980 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of NatWest Group in the third quarter valued at about $33,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

About NatWest Group

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.