Nature Wood Group Limited (NASDAQ:NWGL) Sees Significant Decline in Short Interest

Nature Wood Group Limited (NASDAQ:NWGL) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 27,400 shares, a drop of 20.8% from the September 15th total of 34,600 shares. Based on an average daily trading volume, of 24,600 shares, the short-interest ratio is presently 1.1 days.

Nature Wood Group Price Performance

Nature Wood Group stock traded down $0.09 during midday trading on Tuesday, hitting $1.54. The company’s stock had a trading volume of 2,147 shares, compared to its average volume of 46,804. Nature Wood Group has a 1-year low of $1.24 and a 1-year high of $21.97. The company has a 50-day moving average price of $1.55 and a two-hundred day moving average price of $3.78.

About Nature Wood Group

Nature Wood Group Limited, an integrated forestry company, engages in up-stream forest management and harvesting, and down-stream wood-processing and distribution activities. The company offers a range of products, including logs, decking and flooring products, sawn timber, recycled and synthesized charcoal, machine-made charcoal, and essential oils.