NatWest Group plc (NYSE:NWG) Sees Significant Decrease in Short Interest

NatWest Group plc (NYSE:NWG) was the target of a large decline in short interest in 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,150,000 shares, the days-to-cover ratio is presently 0.7 days.

NatWest Group Trading Up 0.4 %

Shares of NYSE:NWG traded up $0.05 during trading on Thursday, reaching $10.14. The company’s stock had a trading volume of 3,693,782 shares, compared to its average volume of 3,321,998. The stock has a market capitalization of $40.76 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 0.67 and a beta of 1.31. NatWest Group has a 12 month low of $5.16 and a 12 month high of $10.75. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. The firm’s 50 day simple moving average is $10.14 and its two-hundred day simple moving average is $9.44.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NWG. The Goldman Sachs Group assumed coverage on NatWest Group in a report on Friday, October 4th. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods raised 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 investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, NatWest Group has a consensus rating of “Buy”.

Institutional Investors Weigh In On NatWest Group

Several institutional investors have recently modified their holdings of NWG. Mediolanum International Funds Ltd bought a new stake in NatWest Group in the third quarter worth $11,420,000. Natixis Advisors LLC lifted its holdings in shares of NatWest Group by 10.7% in the 3rd quarter. Natixis Advisors LLC now owns 10,709,944 shares of the company’s stock worth $100,245,000 after acquiring an additional 1,031,057 shares during the last quarter. FMR LLC boosted its stake in shares of NatWest Group by 57.0% during the 3rd quarter. FMR LLC now owns 1,988,329 shares of the company’s stock worth $18,611,000 after purchasing an additional 721,578 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of NatWest Group by 55.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,759,325 shares of the company’s stock worth $14,127,000 after purchasing an additional 627,097 shares during the period. Finally, US Bancorp DE grew its holdings in NatWest Group by 352.4% during the 3rd quarter. US Bancorp DE now owns 567,421 shares of the company’s stock valued at $5,311,000 after purchasing an additional 442,002 shares during the last quarter. 1.27% of the stock is owned by institutional investors.

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.