NatWest Group plc (NYSE:NWG) Short Interest Update

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On NatWest Group

Institutional investors have recently modified their holdings of the stock. Private Trust Co. NA grew its stake in shares of NatWest Group by 121.3% in the third quarter. Private Trust Co. NA now owns 2,735 shares of the company’s stock worth $26,000 after acquiring an additional 1,499 shares during the last quarter. Bruce G. Allen Investments LLC grew its stake in shares of NatWest Group by 285.3% in the third quarter. Bruce G. Allen Investments LLC now owns 2,813 shares of the company’s stock worth $26,000 after acquiring an additional 2,083 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in shares of NatWest Group by 134.5% in the third 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 last quarter. SageView Advisory Group LLC purchased a new stake in shares of NatWest Group in the first quarter worth $27,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of NatWest Group by 45.7% in the second 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. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Trading Up 1.2 %

NYSE NWG opened at $10.08 on Friday. NatWest Group has a 12 month low of $4.98 and a 12 month high of $10.31. The stock has a market cap of $41.86 billion, a P/E ratio of 7.64 and a beta of 1.32. The stock’s fifty day moving average price is $9.42 and its 200-day moving average price is $8.82. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17.

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.