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

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 315,289 shares, a growth of 128.9% from the July 15th total of 137,750 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 4,510,332 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

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

Nature Wood Group Stock Performance

NWGL traded up $0.03 during mid-day trading on Friday, hitting $0.44. The stock had a trading volume of 424,048 shares, compared to its average volume of 3,151,745. The stock’s fifty day simple moving average is $0.32 and its 200-day simple moving average is $0.78. The company has a current ratio of 1.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.01. Nature Wood Group has a 1-year low of $0.19 and a 1-year high of $1.82.

Institutional Trading of Nature Wood Group

A hedge fund recently bought a new position in Nature Wood Group stock. Citadel Advisors LLC bought a new position in shares of Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 39,355 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned approximately 0.24% of Nature Wood Group at the end of the most recent quarter.

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.