NatWest Group PLC (OTCMKTS:RBSPF) Short Interest Down 35.9% in August

NatWest Group PLC (OTCMKTS:RBSPF – Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 878,647 shares, a decline of 35.9% from the August 15th total of 1,370,458 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 11,545 shares, the days-to-cover ratio is currently 76.1 days.

Analyst Ratings Changes

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

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NatWest Group Stock Performance

Shares of RBSPF stock opened at $9.34 on Friday. The firm’s 50 day moving average is $9.21 and its 200 day moving average is $8.42. The stock has a market capitalization of $74.82 billion, a P/E ratio of 9.34 and a beta of 0.95. NatWest Group has a 12 month low of $6.71 and a 12 month high of $9.80. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15.

NatWest Group (OTCMKTS:RBSPF – Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.83 billion. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%.

About NatWest Group

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NatWest Group plc is a United Kingdom-based banking and financial services company. Formerly known as The Royal Bank of Scotland Group, the company adopted the NatWest Group name in 2020. It serves individuals, families, businesses and institutional customers through well-known brands including NatWest, Royal Bank of Scotland and Ulster Bank.

The group provides personal and business current accounts, savings products, mortgages, personal and commercial lending, credit cards, payment services and wealth management.

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