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

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 23,017 shares, a decline of 50.7% from the April 30th total of 46,734 shares. Based on an average trading volume of 175,677 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nature Wood Group stock. Citadel Advisors LLC bought a new position in Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Nature Wood Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 22nd. 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 Performance

Shares of NWGL stock traded down $0.05 during midday trading on Monday, reaching $0.77. 9,960 shares of the stock were exchanged, compared to its average volume of 70,790. Nature Wood Group has a 1 year low of $0.61 and a 1 year high of $6.61. The company’s 50 day moving average is $0.88 and its two-hundred day moving average is $1.11. The company has a quick ratio of 1.08, a current ratio of 1.31 and a debt-to-equity ratio of 0.01.

Nature Wood Group (NASDAQ:NWGL) last posted its earnings results on Monday, April 27th. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $3.22 million during the 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.