Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) Shares Shorted: Short Interest Down 75.3% in October

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 82,810 shares, a decrease of 75.3% from the October 15th total of 335,402 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 99,615,975 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Weiss Ratings raised Nature Wood Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. Wall Street Zen downgraded shares of Nature Wood Group from a “hold” rating to a “sell” rating in a research report on Saturday, October 10th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Nature Wood Group Stock Performance

NASDAQ:NWGL opened at $2.34 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.12 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average price is $64.21 and its 200-day moving average price is $62.53. Nature Wood Group has a 52 week low of $1.81 and a 52 week high of $158.40.

Nature Wood Group (NASDAQ:NWGL) last announced its quarterly earnings data 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.

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.