Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) Sees Significant Growth in Short Interest

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGLGet Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 315,289 shares, a growth of 128.9% from the July 15th total of 137,750 shares. Based on an average daily trading volume, of 4,510,332 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.9% of the company’s shares are short sold.

Hedge Funds Weigh In On Nature Wood Group

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

Nature Wood Group Stock Up 7.1%

Shares of NASDAQ NWGL traded up $0.03 during mid-day trading on Friday, hitting $0.44. 424,048 shares of the stock traded hands, compared to its average volume of 3,151,745. The company has a current ratio of 1.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.01. Nature Wood Group has a 52 week low of $0.19 and a 52 week high of $1.82. The stock has a fifty day moving average price of $0.32 and a 200-day moving average price of $0.78.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Nature Wood Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

View Our Latest Stock Analysis on NWGL

Nature Wood Group Company Profile

(Get Free Report)

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.

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