Short Interest in NatWest Group plc (NYSE:NWG) Decreases By 21.7%

NatWest Group plc (NYSE:NWG) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 745,700 shares, a decline of 21.7% from the October 15th total of 952,900 shares. Based on an average daily volume of 2,390,000 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

NatWest Group Price Performance

NYSE:NWG traded up $0.12 during trading hours on Friday, reaching $10.08. 1,994,807 shares of the company were exchanged, compared to its average volume of 2,214,611. The stock’s 50-day moving average is $9.39 and its 200-day moving average is $8.80. NatWest Group has a twelve month low of $4.98 and a twelve month high of $10.31. The firm has a market cap of $41.86 billion, a PE ratio of 7.55 and a beta of 1.32. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NWG. Bruce G. Allen Investments LLC boosted its holdings in shares of NatWest Group by 285.3% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock worth $26,000 after purchasing an additional 2,083 shares during the last quarter. Private Trust Co. NA boosted its stake in NatWest Group by 121.3% during the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock worth $26,000 after buying an additional 1,499 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in NatWest Group in the 1st quarter valued at $27,000. EverSource Wealth Advisors LLC increased its stake in shares of NatWest Group by 45.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,013 shares of the company’s stock worth $32,000 after acquiring an additional 1,259 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in shares of NatWest Group by 134.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,452 shares of the company’s stock worth $32,000 after acquiring an additional 1,980 shares during the period. 1.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on NWG shares. The Goldman Sachs Group initiated coverage on NatWest Group in a report on Friday, October 4th. They issued a “buy” rating for the company. Kepler Capital Markets assumed coverage on shares of NatWest Group in a research report on Thursday, September 5th. They set a “buy” rating on the stock. Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 4th. Jefferies Financial Group upgraded NatWest Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, October 15th. Finally, UBS Group raised NatWest Group to a “strong-buy” rating in a report on Tuesday, July 30th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, NatWest Group presently has an average rating of “Buy”.

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.