NatWest Group plc (NYSE:NWG) Short Interest Update

NatWest Group plc (NYSE:NWG) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,400,000 shares, a decline of 16.7% from the December 15th total of 1,680,000 shares. Based on an average trading volume of 2,150,000 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company’s shares are sold short.

NatWest Group Trading Up 0.4 %

NWG traded up $0.05 during trading on Thursday, hitting $10.14. 3,693,782 shares of the stock were exchanged, compared to its average volume of 3,321,998. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a 50 day simple moving average of $10.14 and a 200 day simple moving average of $9.44. The firm has a market cap of $40.76 billion, a price-to-earnings ratio of 7.68, a P/E/G ratio of 0.67 and a beta of 1.31. NatWest Group has a 1 year low of $5.16 and a 1 year high of $10.75.

Hedge Funds Weigh In On NatWest Group

Several institutional investors have recently made changes to their positions in the company. Raymond James Trust N.A. lifted its stake in NatWest Group by 3.0% in the third quarter. Raymond James Trust N.A. now owns 35,878 shares of the company’s stock worth $336,000 after acquiring an additional 1,039 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of NatWest Group by 45.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock worth $32,000 after purchasing an additional 1,259 shares during the period. Private Trust Co. NA boosted its stake in shares of NatWest Group by 121.3% during the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock valued at $26,000 after purchasing an additional 1,499 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in NatWest Group by 2.8% during the third quarter. Rehmann Capital Advisory Group now owns 62,994 shares of the company’s stock valued at $590,000 after buying an additional 1,709 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in NatWest Group by 134.5% during the third quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock worth $32,000 after buying an additional 1,980 shares during the period. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NWG shares. Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Jefferies Financial Group raised shares of NatWest Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group began coverage on shares of NatWest Group in a research report on Friday, October 4th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

About NatWest Group

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.