NatWest Group plc (NYSE:NWG) Short Interest Update

NatWest Group plc (NYSE:NWG - Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 4,340,000 shares, a decline of 31.7% from the May 15th total of 6,350,000 shares. Based on an average daily trading volume, of 5,390,000 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of NatWest Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its holdings 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 purchasing an additional 1,659 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in NatWest Group in the first quarter valued at approximately $29,000. Pinnacle Bancorp Inc. purchased a new position in NatWest Group in the first quarter valued at approximately $30,000. Whipplewood Advisors LLC purchased a new position in NatWest Group in the 4th quarter valued at approximately $27,000. Finally, First Horizon Advisors Inc. lifted its position in shares of NatWest Group by 161.4% during the fourth quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company's stock worth $29,000 after acquiring an additional 1,787 shares in the last quarter. 1.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

NatWest Group Stock Down 0.5%

Shares of NWG opened at $14.17 on Tuesday. The stock has a market capitalization of $57.06 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 0.85 and a beta of 1.04. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. NatWest Group has a 52 week low of $7.90 and a 52 week high of $14.55. The stock has a fifty day moving average of $13.29 and a 200-day moving average of $11.77.

NatWest Group (NYSE:NWG - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.80 billion. As a group, sell-side analysts anticipate that NatWest Group will post 1.35 earnings per share for the current fiscal year.

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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