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 growth in short interest in June. As of June 15th, there was short interest totaling 57,853 shares, a growth of 108.1% from the May 31st total of 27,802 shares. Based on an average daily volume of 1,722,438 shares, the short-interest ratio is currently 0.0 days. Approximately 0.3% of the shares of the stock are sold short.

Nature Wood Group Trading Down 0.7%

Shares of NASDAQ NWGL opened at $0.28 on Thursday. Nature Wood Group has a 12-month low of $0.19 and a 12-month high of $1.82. The company has a quick ratio of 1.08, a current ratio of 1.31 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average is $0.69 and its two-hundred day moving average is $1.00.

Nature Wood Group (NASDAQ:NWGL) last released its quarterly earnings results on Monday, April 27th. The company reported ($0.16) EPS for the quarter. The firm had revenue of $3.22 million for the quarter.

Institutional Investors Weigh In On Nature Wood Group

A hedge fund recently bought a new position in Nature Wood Group stock. Citadel Advisors LLC acquired a new stake in Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,355 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned approximately 0.24% of Nature Wood Group as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

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

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.