NatWest Group PLC (OTCMKTS:RBSPF) Short Interest Update

NatWest Group PLC (OTCMKTS:RBSPFGet Free Report) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,370,458 shares, a growth of 93.0% from the July 30th total of 710,252 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 251,497 shares, the short-interest ratio is currently 5.4 days.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on RBSPF

NatWest Group Stock Up 1.0%

Shares of RBSPF opened at $9.19 on Friday. NatWest Group has a fifty-two week low of $6.71 and a fifty-two week high of $9.80. The company’s fifty day moving average is $9.08 and its two-hundred day moving average is $8.33. The firm has a market cap of $73.62 billion, a PE ratio of 9.19 and a beta of 0.96. 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 (OTCMKTS:RBSPFGet Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%.The business had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.83 billion.

About NatWest Group

(Get Free Report)

NatWest Group plc is a major UK-based banking and financial services company headquartered in Edinburgh, Scotland. The group traces its roots to the Royal Bank of Scotland, founded in 1727, and grew through subsequent mergers and acquisitions—most notably the acquisition of National Westminster Bank (NatWest) in 2000. In 2020 the firm adopted the NatWest Group name to align the corporate identity more closely with its primary retail brand. Over its long history the group has undergone significant restructuring and recapitalization, including interventions and reforms following the global financial crisis.

NatWest Group operates across retail, commercial, corporate and institutional banking, as well as wealth management and private banking.

Further Reading

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