NatWest Group PLC (OTCMKTS:RBSPF) Sees Large Drop in Short Interest

NatWest Group PLC (OTCMKTS:RBSPF) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 740,812 shares, a decrease of 59.9% from the January 29th total of 1,849,315 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 46,989 shares, the days-to-cover ratio is currently 15.8 days. Based on an average trading volume of 46,989 shares, the days-to-cover ratio is currently 15.8 days. Approximately 0.0% of the shares of the company are sold short.

NatWest Group Price Performance

Shares of OTCMKTS RBSPF opened at $8.23 on Friday. The firm has a market cap of $65.92 billion, a P/E ratio of 9.35 and a beta of 0.90. The business’s 50 day moving average is $8.69 and its 200-day moving average is $7.95. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. NatWest Group has a 1-year low of $4.89 and a 1-year high of $9.72.

NatWest Group (OTCMKTS:RBSPF) last issued its quarterly earnings data on Friday, February 13th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The firm had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.72 billion. NatWest Group had a return on equity of 13.05% and a net margin of 18.59%.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services company headquartered in Edinburgh, Scotland. The group traces its roots to the Royal Bank of Scotland, founded in 1727, and grew through subsequent mergers and acquisitions—most notably the acquisition of National Westminster Bank (NatWest) in 2000. In 2020 the firm adopted the NatWest Group name to align the corporate identity more closely with its primary retail brand. Over its long history the group has undergone significant restructuring and recapitalization, including interventions and reforms following the global financial crisis.

NatWest Group operates across retail, commercial, corporate and institutional banking, as well as wealth management and private banking.