Short Interest in Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) Grows By 460.1%

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 13,084 shares, an increase of 460.1% from the January 15th total of 2,336 shares. Based on an average daily trading volume, of 57,776 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 57,776 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Nature Wood Group

A hedge fund recently bought a new stake in Nature Wood Group stock. Citadel Advisors LLC acquired a new stake in Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 39,355 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned about 0.24% of Nature Wood Group at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Nature Wood Group in a report on Monday, December 29th. One equities research 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 Stock Performance

Shares of NWGL stock opened at $1.25 on Wednesday. The business has a fifty day moving average of $1.26 and a 200 day moving average of $1.31. Nature Wood Group has a 1 year low of $0.91 and a 1 year high of $6.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.29 and a current ratio of 1.59.

Nature Wood Group (NASDAQ:NWGL) last announced its quarterly earnings data on Monday, December 29th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $4.05 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.