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

NatWest Group PLC (OTCMKTS:RBSPF – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 523,461 shares, a decline of 40.4% from the August 31st total of 878,647 shares. Based on an average daily trading volume, of 19,931 shares, the days-to-cover ratio is presently 26.3 days. Currently, 0.0% of the company’s stock are sold short.

NatWest Group Price Performance

Shares of OTCMKTS:RBSPF opened at $9.16 on Wednesday. The firm has a market capitalization of $73.46 billion, a PE ratio of 9.16 and a beta of 0.95. 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 has a 1-year low of $6.75 and a 1-year high of $9.80. The business’s 50 day moving average is $9.25 and its 200-day moving average is $8.49.

NatWest Group (OTCMKTS:RBSPF – Get Free Report) last issued its earnings results on Friday, July 31st. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%.The firm had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $5.83 billion.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised 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, According to data from MarketBeat, the stock has an average rating of “Buy”.

Read Our Latest Stock Report on RBSPF

NatWest Group Company Profile

(Get Free Report)

NatWest Group plc is a United Kingdom-based banking and financial services company headquartered in Edinburgh, Scotland. The group provides banking, lending, savings, payments and investment-related services to individuals, families, businesses and institutional customers.

Its principal brands include NatWest, Royal Bank of Scotland and Ulster Bank. Personal banking services include current accounts, mortgages, personal loans, credit cards, savings products and digital banking. The group also provides private banking and wealth management services, along with financing, cash management, risk management and other banking solutions for small and medium-sized businesses, larger companies and institutional clients.

The company traces its history to several long-established UK banking institutions and operated as The Royal Bank of Scotland Group before adopting the NatWest Group name in 2020.

Further Reading

Receive News & Ratings for NatWest Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NatWest Group and related companies with MarketBeat.com's FREE daily email newsletter.