NatWest Group plc (NYSE:NWG) Short Interest Update

NatWest Group plc (NYSE:NWG) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,747,359 shares, an increase of 117.8% from the May 31st total of 802,160 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 4,469,624 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Zacks Research lowered NatWest Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings lowered NatWest Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods downgraded NatWest Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 20th. BNP Paribas Exane raised NatWest Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Wall Street Zen cut shares of NatWest Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On NatWest Group

A number of hedge funds have recently modified their holdings of NWG. Larson Financial Group LLC raised its position in NatWest Group by 427.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the company’s stock valued at $26,000 after purchasing an additional 1,484 shares during the last quarter. American National Bank & Trust bought a new stake in shares of NatWest Group in the 4th quarter worth approximately $31,000. Rachor Investment Advisory Services LLC purchased a new position in shares of NatWest Group during the fourth quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of NatWest Group by 173.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,197 shares of the company’s stock valued at $38,000 after acquiring an additional 1,394 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of NatWest Group by 186.8% during the third quarter. Allworth Financial LP now owns 2,739 shares of the company’s stock valued at $39,000 after acquiring an additional 1,784 shares in the last quarter. Hedge funds and other institutional investors own 1.27% of the company’s stock.

NatWest Group Stock Up 2.1%

NWG opened at $18.00 on Thursday. NatWest Group has a 12 month low of $12.91 and a 12 month high of $19.35. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $16.10 and its 200-day moving average price is $16.47. The company has a market cap of $71.78 billion, a P/E ratio of 9.58, a P/E/G ratio of 0.94 and a beta of 0.92.

NatWest Group (NYSE:NWG) last released its quarterly earnings data on Friday, May 1st. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. NatWest Group had a return on equity of 13.30% and a net margin of 19.11%.The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.80 billion. On average, equities analysts expect that NatWest Group will post 1.97 EPS for the current year.

About NatWest Group

NatWest Group plc is a major UK-based banking and financial services group headquartered in Edinburgh, Scotland. The company traces its roots to the Royal Bank of Scotland, founded in 1727, and adopted the NatWest Group name in 2020 as part of a strategic refocus on its NatWest brand. NatWest Group is listed on the London Stock Exchange and also has American depositary shares trading on the New York Stock Exchange under the symbol NWG.

The group provides a broad range of banking services across retail, private, commercial, corporate and institutional segments.