NatWest Group plc (NYSE:NWG) Short Interest Update

NatWest Group plc (NYSE:NWG - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 6,350,000 shares, a drop of 12.8% from the April 30th total of 7,280,000 shares. Based on an average daily trading volume, of 6,690,000 shares, the short-interest ratio is currently 0.9 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. lifted its position in shares of NatWest Group by 374.5% in the first quarter. Bessemer Group Inc. now owns 2,102 shares of the company's stock valued at $25,000 after acquiring an additional 1,659 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in NatWest Group in the 1st quarter worth approximately $29,000. Pinnacle Bancorp Inc. bought a new position in NatWest Group in the 1st quarter worth approximately $30,000. Whipplewood Advisors LLC bought a new position in NatWest Group in the 4th quarter worth approximately $27,000. Finally, First Horizon Advisors Inc. grew its holdings in NatWest Group by 161.4% during the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company's stock valued at $29,000 after buying an additional 1,787 shares in the last quarter. Institutional investors own 1.27% of the company's stock.

NatWest Group Stock Performance

NWG traded down $0.10 during midday trading on Wednesday, reaching $14.39. The company had a trading volume of 3,921,871 shares, compared to its average volume of 3,695,353. The business has a 50-day moving average of $12.78 and a two-hundred day moving average of $11.51. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. NatWest Group has a 1 year low of $7.80 and a 1 year high of $14.58. The company has a market cap of $57.95 billion, a P/E ratio of 10.58, a P/E/G ratio of 0.85 and a beta of 1.01.

NatWest Group (NYSE:NWG - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. The firm had revenue of $5.30 billion for the quarter, compared to analysts' expectations of $3.80 billion. As a group, equities research analysts predict that NatWest Group will post 1.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on NWG shares. Citigroup reiterated a "buy" rating on shares of NatWest Group in a research report on Monday, April 28th. Peel Hunt cut shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, March 6th. Finally, BNP Paribas lowered shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, NatWest Group has a consensus rating of "Buy".

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.

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