Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) Sees Large Increase in Short Interest

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 57,853 shares, a growth of 108.1% from the May 31st total of 27,802 shares. Based on an average daily volume of 1,722,438 shares, the short-interest ratio is presently 0.0 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

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

Nature Wood Group Price Performance

Shares of NASDAQ:NWGL traded down $0.00 during trading on Tuesday, hitting $0.27. 210,682 shares of the company’s stock were exchanged, compared to its average volume of 1,112,680. The company has a quick ratio of 1.08, a current ratio of 1.31 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $0.72 and a two-hundred day moving average price of $1.01. Nature Wood Group has a 1-year low of $0.19 and a 1-year high of $1.82.

Nature Wood Group (NASDAQ:NWGL) last announced its quarterly earnings data 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.

Wall Street Analysts Forecast Growth

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

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.