Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) Stock Short Interest Climbs 398.6%

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 335,402 shares, an increase of 398.6% from the September 30th total of 67,264 shares. Based on an average daily trading volume, of 1,766,807 shares, the short-interest ratio is currently 0.2 days. Approximately 2.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Several research firms have weighed in on NWGL. Weiss Ratings cut Nature Wood Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, October 14th. Wall Street Zen cut Nature Wood Group from a “hold” rating to a “sell” rating in a report on Saturday, October 10th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Nature Wood Group Price Performance

NWGL stock traded up $0.01 during trading on Tuesday, hitting $0.09. 9,661,823 shares of the company’s stock traded hands, compared to its average volume of 6,482,838. Nature Wood Group has a 52 week low of $0.08 and a 52 week high of $1.98. The business has a fifty day simple moving average of $0.96 and a 200 day simple moving average of $0.86. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.23 and a quick ratio of 1.12.

Nature Wood Group (NASDAQ:NWGL) last posted its earnings results on Tuesday, October 6th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $1.48 million for the quarter.

Nature Wood Group Company Profile

Nature Wood Group Limited is a forestry and timber products company focused on the sourcing, harvesting, processing and sale of wood products. Its activities include timber operations, log procurement and the production and distribution of sawn timber and related wood products for commercial and industrial customers.

The company’s business spans forestry resources in Suriname and timber processing and sales activities in China. Through its operations and subsidiaries, Nature Wood Group serves customers in the timber and wood-products markets while participating in the supply chain from forest resources to processed lumber.

Nature Wood Group became a publicly traded company on the Nasdaq Capital Market in 2023.