Short Interest in NatWest Group plc (NYSE:NWG) Declines By 15.7%

NatWest Group plc (NYSE:NWG) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 5,060,000 shares, a drop of 15.7% from the May 31st total of 6,000,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 2,070,000 shares, the short-interest ratio is currently 2.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Direct Indexing L.P. lifted its stake in NatWest Group by 4.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 31,986 shares of the company’s stock valued at $218,000 after buying an additional 1,501 shares in the last quarter. Addison Advisors LLC lifted its stake in NatWest Group by 48.9% in the 4th quarter. Addison Advisors LLC now owns 6,520 shares of the company’s stock valued at $37,000 after buying an additional 2,141 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its stake in NatWest Group by 2.4% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 97,668 shares of the company’s stock valued at $664,000 after buying an additional 2,268 shares in the last quarter. HighTower Advisors LLC lifted its stake in NatWest Group by 2.5% in the 3rd quarter. HighTower Advisors LLC now owns 94,495 shares of the company’s stock valued at $545,000 after buying an additional 2,302 shares in the last quarter. Finally, D Orazio & Associates Inc. lifted its stake in NatWest Group by 24.3% in the 4th quarter. D Orazio & Associates Inc. now owns 12,845 shares of the company’s stock valued at $72,000 after buying an additional 2,513 shares in the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Price Performance

Shares of NYSE:NWG traded down $0.08 during trading on Friday, reaching $8.03. 3,440,367 shares of the company’s stock traded hands, compared to its average volume of 3,169,449. NatWest Group has a fifty-two week low of $4.30 and a fifty-two week high of $8.48. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm has a market cap of $33.43 billion, a PE ratio of 7.97, a P/E/G ratio of 1.84 and a beta of 1.34. The company has a 50-day simple moving average of $8.01 and a 200-day simple moving average of $6.74.

NatWest Group (NYSE:NWG) last posted its earnings results on Friday, April 26th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The business had revenue of $3.48 billion for the quarter. As a group, analysts predict that NatWest Group will post 0.98 earnings per share for the current 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.