Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) Sees Significant Increase in Short Interest

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 315,289 shares, an increase of 128.9% from the July 15th total of 137,750 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily volume of 4,510,332 shares, the short-interest ratio is presently 0.1 days.

Nature Wood Group Price Performance

Shares of NASDAQ NWGL traded up $0.03 during mid-day trading on Friday, reaching $0.44. 424,048 shares of the company’s stock were exchanged, compared to its average volume of 3,151,745. Nature Wood Group has a twelve month low of $0.19 and a twelve month high of $1.82. The company has a current ratio of 1.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $0.32 and a 200 day simple moving average of $0.78.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Nature Wood Group stock. Citadel Advisors LLC acquired a new position in shares of Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.