NatWest Group plc (NYSE:NWG) Short Interest Update

Key Points

• Short Interest Increase: NatWest Group experienced a significant increase in short interest, rising by 23.7% to 2,820,000 shares as of July 31st, affecting approximately 0.1% of the company's stock.
• Quarterly Earnings Report: The company reported earnings per share (EPS) of $0.41 for the last quarter, surpassing estimates by $0.04, with revenue reaching $5.42 billion compared to a consensus estimate of $4.06 billion.
• Dividend Cut Announcement: NatWest Group announced a semi-annual dividend of $0.255 per share, set to be paid on September 12th, despite a high current dividend yield of 390.0% and a payout ratio of 32.26%.

NatWest Group plc (NYSE:NWG - Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,820,000 shares, anincreaseof23.7% from the July 15th total of 2,280,000 shares. Based on an average daily trading volume, of 4,700,000 shares, the short-interest ratio is presently 0.6 days. Approximately0.1% of the company's stock are short sold. Approximately0.1% of the company's stock are short sold. Based on an average daily trading volume, of 4,700,000 shares, the short-interest ratio is presently 0.6 days.

NatWest Group Stock Up 1.7%

NWG stock opened at $15.0680 on Thursday. The firm's fifty day simple moving average is $13.95 and its 200-day simple moving average is $12.94. The company has a market capitalization of $61.01 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 0.85 and a beta of 1.07. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. NatWest Group has a 12 month low of $8.55 and a 12 month high of $15.17.

NatWest Group (NYSE:NWG - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $4.06 billion. As a group, equities research analysts forecast that NatWest Group will post 1.35 earnings per share for the current year.

NatWest Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be given a dividend of $0.255 per share. The ex-dividend date is Friday, August 8th. This represents a yield of 390.0%. NatWest Group's dividend payout ratio is currently 32.26%.

Hedge Funds Weigh In On NatWest Group

A number of large investors have recently added to or reduced their stakes in the stock. L1 Capital Pty Ltd acquired a new position in NatWest Group during the second quarter worth $146,913,000. Evergreen Capital Management LLC raised its position in NatWest Group by 2.4% during the second quarter. Evergreen Capital Management LLC now owns 29,272 shares of the company's stock worth $414,000 after acquiring an additional 697 shares during the period. Corient Private Wealth LLC raised its position in NatWest Group by 4.6% during the second quarter. Corient Private Wealth LLC now owns 66,573 shares of the company's stock worth $942,000 after acquiring an additional 2,950 shares during the period. Vident Advisory LLC raised its position in NatWest Group by 10.4% during the second quarter. Vident Advisory LLC now owns 116,427 shares of the company's stock worth $1,647,000 after acquiring an additional 10,986 shares during the period. Finally, Tidal Investments LLC acquired a new position in NatWest Group during the second quarter worth $327,000. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Zacks Research downgraded shares of NatWest Group from a "strong-buy" rating to a "hold" rating in a research report on Monday. Citigroup reaffirmed a "buy" rating on shares of NatWest Group in a research report on Monday, April 28th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

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.

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