NatWest Group plc (NYSE:NWG) Short Interest Down 16.7% in December

NatWest Group plc (NYSE:NWG) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 1,400,000 shares, a drop of 16.7% from the December 15th total of 1,680,000 shares. Based on an average daily volume of 2,150,000 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

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

NatWest Group Trading Up 0.7 %

Shares of NYSE:NWG traded up $0.08 during mid-day trading on Friday, reaching $10.21. 3,090,739 shares of the company’s stock were exchanged, compared to its average volume of 1,685,754. 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 has a twelve month low of $5.16 and a twelve month high of $10.75. The firm has a market capitalization of $41.04 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 0.67 and a beta of 1.31. The business’s fifty day moving average price is $10.14 and its 200-day moving average price is $9.46.

Hedge Funds Weigh In On NatWest Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bruce G. Allen Investments LLC boosted its position in NatWest Group by 285.3% during the third 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 last quarter. Private Trust Co. NA boosted its position in shares of NatWest Group by 121.3% during the 3rd 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 in the last quarter. Hilltop National Bank acquired a new stake in NatWest Group during the fourth quarter worth approximately $29,000. EverSource Wealth Advisors LLC increased its holdings in NatWest Group by 45.7% in the second quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock worth $32,000 after purchasing an additional 1,259 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in NatWest Group by 134.5% in the third quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock valued at $32,000 after buying an additional 1,980 shares during the period. 1.27% of the stock is owned by institutional investors and hedge funds.

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.