Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 335,402 shares, a growth of 398.6% from the September 30th total of 67,264 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,766,807 shares, the short-interest ratio is currently 0.2 days.
Analyst Ratings Changes
Several analysts recently commented on NWGL shares. Weiss Ratings lowered Nature Wood Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, October 14th. Wall Street Zen downgraded Nature Wood Group from a “hold” rating to a “sell” rating in a report on Saturday, October 10th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on NWGL
Nature Wood Group Trading Down 2.0%
Shares of NWGL stock traded down $0.00 during mid-day trading on Thursday, hitting $0.09. 3,263,469 shares of the stock were exchanged, compared to its average volume of 6,569,550. Nature Wood Group has a 52-week low of $0.08 and a 52-week high of $1.98. The company has a current ratio of 1.23, a quick ratio of 1.12 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average of $0.94 and a 200 day moving average of $0.84.
Nature Wood Group (NASDAQ:NWGL – Get Free Report) last announced its quarterly earnings results on Tuesday, October 6th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $1.48 million during the quarter.
About Nature Wood Group
Nature Wood Group Limited is a forestry and timber products company focused on the sourcing, harvesting, processing and sale of wood products. Its activities include timber operations, log procurement and the production and distribution of sawn timber and related wood products for commercial and industrial customers.
The company’s business spans forestry resources in Suriname and timber processing and sales activities in China. Through its operations and subsidiaries, Nature Wood Group serves customers in the timber and wood-products markets while participating in the supply chain from forest resources to processed lumber.
Nature Wood Group became a publicly traded company on the Nasdaq Capital Market in 2023.
See Also
- Five stocks we like better than Nature Wood Group
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for Nature Wood Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nature Wood Group and related companies with MarketBeat.com's FREE daily email newsletter.
