Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL – Get Free Report) was the target of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 82,810 shares, a decline of 75.3% from the October 15th total of 335,402 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 99,615,975 shares, the short-interest ratio is currently 0.0 days.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Wall Street Zen lowered Nature Wood Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 10th. Weiss Ratings raised shares of Nature Wood Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Nature Wood Group has an average rating of “Sell”.
Get Our Latest Stock Report on Nature Wood Group
Nature Wood Group Stock Down 7.5%
Shares of NASDAQ NWGL opened at $2.34 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.12 and a current ratio of 1.23. Nature Wood Group has a 12 month low of $1.81 and a 12 month high of $158.40. The firm has a fifty day simple moving average of $64.21 and a two-hundred day simple moving average of $62.53.
Nature Wood Group (NASDAQ:NWGL – Get Free Report) last announced 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.
About Nature Wood Group
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.
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