NatWest Group plc (NYSE:NWG) Short Interest Down 50.4% in May

NatWest Group plc (NYSE:NWG) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 979,093 shares, a decrease of 50.4% from the April 30th total of 1,972,237 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 3,901,506 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of NatWest Group

Hedge funds have recently modified their holdings of the company. ABC Arbitrage SA increased its holdings in shares of NatWest Group by 29.2% during the third quarter. ABC Arbitrage SA now owns 1,102,971 shares of the company’s stock worth $15,607,000 after buying an additional 249,117 shares in the last quarter. Chase Investment Counsel Corp acquired a new stake in shares of NatWest Group during the third quarter worth approximately $3,579,000. Tudor Investment Corp ET AL acquired a new stake in shares of NatWest Group during the third quarter worth approximately $6,969,000. Capital International Investors increased its holdings in shares of NatWest Group by 1.2% during the third quarter. Capital International Investors now owns 13,531,451 shares of the company’s stock worth $188,764,000 after buying an additional 156,832 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of NatWest Group by 7.1% during the third quarter. Natixis Advisors LLC now owns 12,905,394 shares of the company’s stock worth $182,611,000 after buying an additional 851,997 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Price Performance

NYSE:NWG traded down $0.27 during mid-day trading on Wednesday, hitting $15.89. The company’s stock had a trading volume of 1,830,458 shares, compared to its average volume of 3,796,384. NatWest Group has a fifty-two week low of $12.91 and a fifty-two week high of $19.35. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $63.32 billion, a price-to-earnings ratio of 8.45, a P/E/G ratio of 0.85 and a beta of 0.93. The stock has a fifty day moving average of $15.59 and a 200-day moving average of $16.39.

NatWest Group (NYSE:NWG) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.80 billion. As a group, equities analysts forecast that NatWest Group will post 1.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on NWG shares. Keefe, Bruyette & Woods lowered shares of NatWest Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. BNP Paribas Exane raised shares of NatWest Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Zacks Research lowered shares of NatWest Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wall Street Zen raised shares of NatWest Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings lowered shares of NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, NatWest Group presently has a consensus rating of “Moderate Buy”.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.