NatWest Group PLC (OTCMKTS:RBSPF) Short Interest Update

NatWest Group PLC (OTCMKTS:RBSPF) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,370,458 shares, an increase of 93.0% from the July 30th total of 710,252 shares. Based on an average trading volume of 251,497 shares, the short-interest ratio is currently 5.4 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

NatWest Group Stock Performance

Shares of OTCMKTS RBSPF traded down $0.08 during trading on Monday, reaching $9.11. 4,900 shares of the company traded hands, compared to its average volume of 23,890. The firm has a 50 day simple moving average of $9.08 and a 200-day simple moving average of $8.33. NatWest Group has a 52-week low of $6.71 and a 52-week high of $9.80. The stock has a market capitalization of $72.98 billion, a PE ratio of 9.11 and a beta of 0.96. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.15.

NatWest Group (OTCMKTS:RBSPF) last released its quarterly earnings data on Friday, July 31st. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%. The firm had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $5.83 billion.

About NatWest Group

NatWest Group plc is a major UK-based banking and financial services company headquartered in Edinburgh, Scotland. The group traces its roots to the Royal Bank of Scotland, founded in 1727, and grew through subsequent mergers and acquisitions—most notably the acquisition of National Westminster Bank (NatWest) in 2000. In 2020 the firm adopted the NatWest Group name to align the corporate identity more closely with its primary retail brand. Over its long history the group has undergone significant restructuring and recapitalization, including interventions and reforms following the global financial crisis.

NatWest Group operates across retail, commercial, corporate and institutional banking, as well as wealth management and private banking.