Short Interest in Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) Declines By 67.7%

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGLGet Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 137,750 shares, a decrease of 67.7% from the June 30th total of 426,595 shares. Based on an average daily trading volume, of 653,281 shares, the short-interest ratio is currently 0.2 days. Approximately 0.8% of the company’s stock are short sold.

Analyst Ratings Changes

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

Check Out Our Latest Report on Nature Wood Group

Hedge Funds Weigh In On Nature Wood Group

An institutional investor recently bought a new stake in Nature Wood Group stock. Citadel Advisors LLC purchased a new stake in Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGLFree Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 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 Price Performance

NWGL stock traded down $0.00 on Tuesday, reaching $0.24. 46,719 shares of the company were exchanged, compared to its average volume of 1,033,166. The stock’s fifty day moving average price is $0.46 and its 200 day moving average price is $0.87. Nature Wood Group has a 12 month low of $0.19 and a 12 month high of $1.82. 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 (NASDAQ:NWGLGet Free Report) last released its earnings results on Monday, April 27th. The company reported ($0.16) earnings per share for the quarter. The company had revenue of $3.22 million for the quarter.

About Nature Wood Group

(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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