NatWest Group PLC (OTCMKTS:RBSPF) Stock Short Interest Jumps 123.0%

NatWest Group PLC (OTCMKTS:RBSPF) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 1,417,381 shares, a growth of 123.0% from the September 30th total of 635,481 shares. Based on an average daily volume of 19,407 shares, the days-to-cover ratio is presently 73.0 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of “Buy”.

NatWest Group Price Performance

Shares of OTCMKTS:RBSPF traded down $0.81 during midday trading on Friday, reaching $7.72. 7,614 shares of the company’s stock were exchanged, compared to its average volume of 9,634. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.03. The company’s 50 day simple moving average is $8.94 and its two-hundred day simple moving average is $8.52. NatWest Group has a 12 month low of $6.75 and a 12 month high of $9.80. The firm has a market capitalization of $61.88 billion, a PE ratio of 7.72 and a beta of 0.95.

NatWest Group (OTCMKTS:RBSPF) last posted its earnings results on Friday, October 30th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.17 billion.

About NatWest Group

NatWest Group plc is a United Kingdom-based banking and financial services group formerly known as The Royal Bank of Scotland Group. The group serves individuals, families, businesses and institutions through brands including NatWest, Royal Bank of Scotland and Ulster Bank in Northern Ireland.

Its personal banking activities include current and savings accounts, mortgages, credit cards, personal loans, insurance and digital banking services. NatWest also provides private banking and wealth management services, while its business and commercial banking operations offer lending, payments, cash management, trade finance and other financial services to small businesses, mid-sized companies, large corporations and institutional clients.

NatWest Group primarily serves customers in the United Kingdom, with operations and services focused on the country’s retail, commercial and institutional banking markets.