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

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

Nature Wood Group Stock Performance

Nature Wood Group stock traded down $0.00 during mid-day trading on Tuesday, reaching $0.27. The company had a trading volume of 210,682 shares, compared to its average volume of 1,112,680. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.31 and a quick ratio of 1.08. The company has a 50 day moving average of $0.72 and a 200-day moving average of $1.01. 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 data on Monday, April 27th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $3.22 million for the quarter.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Nature Wood Group

An institutional investor recently bought a new position in Nature Wood Group stock. Citadel Advisors LLC acquired a new position in Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 39,355 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned 0.24% of Nature Wood Group at the end of the most recent quarter.

Nature Wood Group Company Profile

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.