NatWest Group plc (NYSE:NWG) Short Interest Up 37.8% in December

NatWest Group plc (NYSE:NWG) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 1,493,520 shares, an increase of 37.8% from the December 15th total of 1,083,994 shares. Based on an average daily volume of 1,566,283 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 1,566,283 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NWG. Fisher Asset Management LLC raised its stake in NatWest Group by 4.5% during the 3rd quarter. Fisher Asset Management LLC now owns 39,234,322 shares of the company’s stock worth $555,166,000 after acquiring an additional 1,702,930 shares in the last quarter. Capital International Investors boosted its stake in NatWest Group by 1.2% in the third quarter. Capital International Investors now owns 13,531,451 shares of the company’s stock valued at $188,764,000 after acquiring an additional 156,832 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of NatWest Group by 7.1% during the third quarter. Natixis Advisors LLC now owns 12,905,394 shares of the company’s stock worth $182,611,000 after purchasing an additional 851,997 shares during the last quarter. L1 Capital Pty Ltd acquired a new stake in shares of NatWest Group during the second quarter worth about $146,913,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of NatWest Group by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,474,908 shares of the company’s stock valued at $77,181,000 after purchasing an additional 455,538 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Stock Up 2.2%

NYSE NWG traded up $0.38 during trading on Monday, reaching $17.52. 2,663,110 shares of the company’s stock were exchanged, compared to its average volume of 1,857,474. The company has a 50 day moving average price of $16.79 and a two-hundred day moving average price of $15.22. The stock has a market cap of $70.13 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 0.69 and a beta of 0.99. NatWest Group has a 1 year low of $10.17 and a 1 year high of $18.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.05 and a current ratio of 1.05.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, October 24th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.03. The business had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.63 billion. NatWest Group had a return on equity of 12.77% and a net margin of 18.18%. On average, equities research analysts anticipate that NatWest Group will post 1.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on NWG. The Goldman Sachs Group restated a “neutral” rating on shares of NatWest Group in a research note on Thursday, December 4th. Zacks Research downgraded NatWest Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of NatWest Group in a research note on Wednesday, October 8th. Finally, Barclays restated an “equal weight” rating on shares of NatWest Group in a research note on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

NatWest Group Company Profile

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.