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 drop in short interest during the month of May. As of May 15th, there was short interest totaling 23,017 shares, a drop of 50.7% from the April 30th total of 46,734 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 175,677 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Nature Wood Group

A hedge fund recently bought a new stake in Nature Wood Group stock. Citadel Advisors LLC bought a new stake in shares of Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Nature Wood Group Price Performance

NASDAQ NWGL traded down $0.05 on Monday, hitting $0.77. 9,960 shares of the company traded hands, compared to its average volume of 70,790. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.31 and a quick ratio of 1.08. The business’s 50 day moving average price is $0.88 and its 200-day moving average price is $1.11. Nature Wood Group has a 52-week low of $0.61 and a 52-week high of $6.61.

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

Analysts Set New Price Targets

Separately, Weiss Ratings raised Nature Wood Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Nature Wood Group has an average 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.