NatWest Group plc (NYSE:NWG) Short Interest Update

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On NatWest Group

Large investors have recently bought and sold shares of the business. Private Trust Co. NA grew its holdings in NatWest Group by 121.3% in 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 during the period. Bruce G. Allen Investments LLC grew its stake in NatWest Group by 285.3% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock valued at $26,000 after acquiring an additional 2,083 shares during the period. Hilltop National Bank purchased a new stake in NatWest Group in the 4th quarter worth $29,000. Hexagon Capital Partners LLC increased its holdings in NatWest Group by 134.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock worth $32,000 after acquiring an additional 1,980 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in NatWest Group during the third quarter valued at $33,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

NatWest Group Stock Up 0.4 %

NWG opened at $10.14 on Friday. The company has a fifty day moving average of $10.14 and a two-hundred day moving average of $9.44. The stock has a market capitalization of $40.76 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 0.67 and a beta of 1.31. NatWest Group has a fifty-two week low of $5.16 and a fifty-two week high of $10.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06.

NatWest Group Company Profile

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.