NatWest Group plc (NYSE:NWG) Short Interest Update

NatWest Group plc (NYSE:NWG) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 745,700 shares, a drop of 21.7% from the October 15th total of 952,900 shares. Based on an average daily trading volume, of 2,390,000 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

NatWest Group Trading Up 1.2 %

Shares of NYSE:NWG opened at $10.08 on Friday. The stock has a market capitalization of $41.86 billion, a price-to-earnings ratio of 7.64 and a beta of 1.32. 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 stock’s 50-day simple moving average is $9.42 and its two-hundred day simple moving average is $8.82. NatWest Group has a 52-week low of $4.98 and a 52-week high of $10.31.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NWG. UBS Group raised NatWest Group to a “strong-buy” rating in a research report on Tuesday, July 30th. Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Jefferies Financial Group raised NatWest Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, October 15th. Kepler Capital Markets assumed coverage on NatWest Group in a research report on Thursday, September 5th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group assumed coverage on NatWest Group in a research report on Friday, October 4th. They issued a “buy” rating on the stock. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. MML Investors Services LLC raised its stake in shares of NatWest Group by 66.4% in the third quarter. MML Investors Services LLC now owns 69,531 shares of the company’s stock worth $651,000 after buying an additional 27,742 shares during the period. Jane Street Group LLC raised its stake in shares of NatWest Group by 339.2% in the third quarter. Jane Street Group LLC now owns 53,450 shares of the company’s stock worth $500,000 after buying an additional 41,279 shares during the period. Stifel Financial Corp raised its stake in shares of NatWest Group by 12.7% in the third quarter. Stifel Financial Corp now owns 396,490 shares of the company’s stock worth $3,711,000 after buying an additional 44,560 shares during the period. Quantinno Capital Management LP raised its stake in shares of NatWest Group by 48.8% in the third quarter. Quantinno Capital Management LP now owns 282,578 shares of the company’s stock worth $2,645,000 after buying an additional 92,684 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of NatWest Group in the third quarter worth about $989,000. Institutional investors own 1.27% of the company’s stock.

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.