Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) Short Interest Update

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 137,750 shares, a drop of 67.7% from the June 30th total of 426,595 shares. Based on an average trading volume of 653,281 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.8% of the shares of the company are sold short.

Institutional Investors Weigh In On Nature Wood Group

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 13F filing with the Securities and Exchange Commission. The firm acquired 39,355 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned 0.24% of Nature Wood Group at the end of the most recent quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of 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, the company currently has a consensus rating of “Sell”.

Nature Wood Group Stock Down 11.0%

NWGL traded down $0.03 during trading on Monday, reaching $0.24. The stock had a trading volume of 192,321 shares, compared to its average volume of 515,420. The stock has a 50 day moving average of $0.46 and a two-hundred day moving average of $0.87. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.08 and a current ratio of 1.31. 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 issued its quarterly earnings results on Monday, April 27th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $3.22 million during the quarter.

About Nature Wood Group

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.