NatWest Group PLC (OTCMKTS:RBSPF) Short Interest Down 35.9% in August

NatWest Group PLC (OTCMKTS:RBSPF) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 878,647 shares, a decline of 35.9% from the August 15th total of 1,370,458 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 11,545 shares, the short-interest ratio is presently 76.1 days.

NatWest Group Price Performance

Shares of OTCMKTS:RBSPF traded up $0.18 during trading on Thursday, reaching $9.35. 6,575 shares of the company’s stock traded hands, compared to its average volume of 22,895. The firm has a market cap of $74.94 billion, a PE ratio of 9.35 and a beta of 0.95. NatWest Group has a fifty-two week low of $6.71 and a fifty-two week high of $9.80. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The company has a 50-day simple moving average of $9.20 and a 200-day simple moving average of $8.41.

NatWest Group (OTCMKTS:RBSPF) last announced its earnings results on Friday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. The company had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $5.83 billion.

Wall Street Analyst Weigh In

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

About NatWest Group

NatWest Group plc is a United Kingdom-based banking and financial services company. Formerly known as The Royal Bank of Scotland Group, the company adopted the NatWest Group name in 2020. It serves individuals, families, businesses and institutional customers through well-known brands including NatWest, Royal Bank of Scotland and Ulster Bank.

The group provides personal and business current accounts, savings products, mortgages, personal and commercial lending, credit cards, payment services and wealth management.