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

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 57,853 shares, an increase of 108.1% from the May 31st total of 27,802 shares. Based on an average daily trading volume, of 1,722,438 shares, the short-interest ratio is presently 0.0 days. Approximately 0.3% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Nature Wood Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Nature Wood Group Stock Down 0.7%

NWGL stock traded down $0.00 during midday trading on Wednesday, hitting $0.28. The company’s stock had a trading volume of 295,408 shares, compared to its average volume of 1,108,173. The firm has a 50-day simple moving average of $0.70 and a 200-day simple moving average of $1.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.08 and a current ratio of 1.31. Nature Wood Group has a 52-week low of $0.19 and a 52-week high of $1.82.

Nature Wood Group (NASDAQ:NWGL) last posted its quarterly 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.

Hedge Funds Weigh In On Nature Wood Group

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

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.