NatWest Group plc (NYSE:NWG) Short Interest Down 31.7% in May

NatWest Group plc (NYSE:NWG - Get Free Report) saw a large drop in short interest in May. As of May 31st, there was short interest totalling 4,340,000 shares, a drop of 31.7% from the May 15th total of 6,350,000 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily volume of 5,390,000 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analysts Forecast Growth

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

NatWest Group Stock Down 3.5%

Shares of NYSE:NWG traded down $0.50 on Friday, hitting $13.68. 5,553,937 shares of the company's stock were exchanged, compared to its average volume of 3,839,207. NatWest Group has a 1-year low of $7.97 and a 1-year high of $14.55. The company has a market capitalization of $55.07 billion, a PE ratio of 9.18, a P/E/G ratio of 0.84 and a beta of 1.04. 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 firm's 50-day moving average is $13.45 and its 200 day moving average is $11.83.

NatWest Group (NYSE:NWG - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. The business had revenue of $5.30 billion for the quarter, compared to analysts' expectations of $3.80 billion. Sell-side analysts predict that NatWest Group will post 1.35 EPS for the current year.

Institutional Trading of NatWest Group

Several institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. raised its stake in NatWest Group by 374.5% during the 1st quarter. Bessemer Group Inc. now owns 2,102 shares of the company's stock worth $25,000 after acquiring an additional 1,659 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of NatWest Group during the first quarter worth about $29,000. Pinnacle Bancorp Inc. purchased a new position in shares of NatWest Group during the first quarter worth about $30,000. Whipplewood Advisors LLC acquired a new stake in shares of NatWest Group during the fourth quarter worth about $27,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of NatWest Group by 161.4% in the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company's stock valued at $29,000 after purchasing an additional 1,787 shares during the last quarter. Hedge funds and other 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.