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

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 2,336 shares, a drop of 52.0% from the December 31st total of 4,867 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 9,580 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 9,580 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% 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 purchased a new position in 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 firm purchased 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 reporting period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Nature Wood Group in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Nature Wood Group Stock Up 7.9%

NWGL traded up $0.11 during trading hours on Friday, hitting $1.44. The stock had a trading volume of 120,883 shares, compared to its average volume of 27,231. Nature Wood Group has a 1 year low of $0.91 and a 1 year high of $6.61. The company’s fifty day simple moving average is $1.25 and its 200 day simple moving average is $1.29. The company has a current ratio of 1.59, a quick ratio of 1.29 and a debt-to-equity ratio of 0.01.

Nature Wood Group (NASDAQ:NWGL) last released its quarterly earnings data on Monday, December 29th. The company reported $0.01 EPS for the quarter. The business had revenue of $4.05 million for 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.