Short Interest in NatWest Group PLC (OTCMKTS:RBSPF) Expands By 2,762.4%

Key Points

• NatWest Group PLC experienced a significant surge in short interest, increasing by 2,762.4% from 286,900 shares to 8,212,300 shares as of September 30th.
• The short-interest ratio for NatWest is currently 168.6 days, indicating the number of days it would take to cover the short positions based on average daily trading volume.
• In its latest earnings report, NatWest posted $0.20 earnings per share, surpassing analyst expectations of $0.18, with revenues of $5.50 billion for the quarter.

NatWest Group PLC (OTCMKTS:RBSPF - Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 8,212,300 shares, an increase of 2,762.4% from the September 15th total of 286,900 shares. Based on an average daily volume of 48,700 shares, the short-interest ratio is presently 168.6 days. Based on an average daily volume of 48,700 shares, the short-interest ratio is presently 168.6 days.

NatWest Group Price Performance

Shares of RBSPF traded down $0.06 during mid-day trading on Thursday, reaching $7.22. The company had a trading volume of 7,695 shares, compared to its average volume of 16,731. The company's 50 day simple moving average is $7.19 and its 200 day simple moving average is $6.81. NatWest Group has a 1-year low of $4.15 and a 1-year high of $7.96. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $58.39 billion, a price-to-earnings ratio of 9.49 and a beta of 0.92.

NatWest Group (OTCMKTS:RBSPF - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.02. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. The company had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $4.06 billion.

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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