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 significant growth in short interest in July. As of July 31st, there was short interest totaling 315,289 shares, a growth of 128.9% from the July 15th total of 137,750 shares. Based on an average trading volume of 4,510,332 shares, the short-interest ratio is currently 0.1 days. Approximately 1.9% of the company’s stock are short sold.

Hedge Funds Weigh In On Nature Wood Group

A hedge fund recently bought a new position in Nature Wood Group stock. Citadel Advisors LLC purchased a new position in Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 39,355 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned approximately 0.24% of Nature Wood Group at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Nature Wood Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Nature Wood Group currently has a consensus rating of “Sell”.

Nature Wood Group Stock Up 7.1%

NASDAQ:NWGL traded up $0.03 during trading hours on Friday, reaching $0.44. 424,048 shares of the company traded hands, compared to its average volume of 3,151,745. The business’s 50-day moving average price is $0.32 and its two-hundred day moving average price is $0.78. Nature Wood Group has a 1 year low of $0.19 and a 1 year high of $1.82. The company has a quick ratio of 1.08, a current ratio of 1.31 and a debt-to-equity ratio of 0.01.

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.