Short Interest in Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) Grows By 62.0%

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 20,363 shares, an increase of 62.0% from the February 12th total of 12,568 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 53,222 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 53,222 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Nature Wood Group

An institutional investor recently bought a new position in Nature Wood Group stock. Citadel Advisors LLC acquired a new position in Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,355 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned approximately 0.24% of Nature Wood Group at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Nature Wood Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Nature Wood Group currently has an average rating of “Sell”.

Nature Wood Group Stock Down 2.6%

Shares of Nature Wood Group stock traded down $0.03 during trading on Friday, hitting $1.11. 42,860 shares of the stock traded hands, compared to its average volume of 43,636. The company has a fifty day moving average price of $1.26 and a two-hundred day moving average price of $1.32. Nature Wood Group has a twelve month low of $0.91 and a twelve month high of $6.61. The company has a quick ratio of 1.29, a current ratio of 1.59 and a debt-to-equity ratio of 0.01.

Nature Wood Group (NASDAQ:NWGL) last issued its quarterly earnings data on Monday, December 29th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $4.05 million for the quarter.

Nature Wood Group Company Profile

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.