NatWest Group PLC (OTCMKTS:RBSPF) Sees Large Increase in Short Interest

NatWest Group PLC (OTCMKTS:RBSPF) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,417,381 shares, an increase of 123.0% from the September 30th total of 635,481 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 19,407 shares, the days-to-cover ratio is currently 73.0 days.

NatWest Group Stock Down 9.5%

Shares of NatWest Group stock opened at $7.72 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. NatWest Group has a 12 month low of $6.75 and a 12 month high of $9.80. The business has a fifty day simple moving average of $8.94 and a 200 day simple moving average of $8.52. The stock has a market cap of $61.88 billion, a PE ratio of 7.72 and a beta of 0.95.

NatWest Group (OTCMKTS:RBSPF) last released its earnings results on Friday, October 30th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.17 billion.

Analyst Ratings Changes

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

NatWest Group Company Profile

NatWest Group plc is a United Kingdom-based banking and financial services group formerly known as The Royal Bank of Scotland Group. The group serves individuals, families, businesses and institutions through brands including NatWest, Royal Bank of Scotland and Ulster Bank in Northern Ireland.

Its personal banking activities include current and savings accounts, mortgages, credit cards, personal loans, insurance and digital banking services. NatWest also provides private banking and wealth management services, while its business and commercial banking operations offer lending, payments, cash management, trade finance and other financial services to small businesses, mid-sized companies, large corporations and institutional clients.

NatWest Group primarily serves customers in the United Kingdom, with operations and services focused on the country’s retail, commercial and institutional banking markets.