Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) Stock Short Interest Declines 88.6%

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 67,264 shares, a decline of 88.6% from the September 15th total of 588,299 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 330,099 shares, the short-interest ratio is currently 0.2 days.

Nature Wood Group Trading Down 4.3%

Shares of Nature Wood Group stock traded down $0.05 during trading on Monday, hitting $1.12. 8,934 shares of the company were exchanged, compared to its average volume of 1,279,068. The company has a current ratio of 1.23, a quick ratio of 1.12 and a debt-to-equity ratio of 0.06. Nature Wood Group has a fifty-two week low of $0.19 and a fifty-two week high of $1.98. The firm has a 50 day moving average price of $0.97 and a 200 day moving average price of $0.75.

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

Analyst Ratings Changes

Several analysts recently commented on NWGL shares. Wall Street Zen cut shares of Nature Wood Group from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings raised shares of Nature Wood Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 24th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Nature Wood Group

Nature Wood Group Limited (NASDAQ: NWGL) is a forestry and wood-products company focused on the development, processing, and sale of timber and related wood products. Its business is centered on sourcing and managing forest resources and supplying wood materials for use in construction, furniture, manufacturing, and other applications.

The company’s activities include the sale of logs and processed timber, along with other forest-derived products. Nature Wood Group emphasizes the use and management of forest resources and serves customers in the wood-products supply chain, with operations and business activities primarily associated with China.

Publicly available information about the company’s operating segments, geographic expansion, and leadership history is limited.