NatWest Group plc (OTCMKTS:RBSPF – Get Rating) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,435,700 shares, a growth of 281.6% from the March 15th total of 376,200 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is currently 652.6 days.
A number of research analysts recently commented on the company. UBS Group upgraded NatWest Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 25th. Investec upgraded NatWest Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 9th.
RBSPF stock remained flat at $$2.87 during trading hours on Wednesday. The firm’s fifty day moving average is $2.92 and its 200-day moving average is $2.99. NatWest Group has a 12-month low of $2.60 and a 12-month high of $3.44. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.07.
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, Commercial Banking, Private Banking, RBS International, and NatWest Markets segments.
- Get a free copy of the StockNews.com research report on NatWest Group (RBSPF)
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