Short Interest in Natuzzi S.p.A. (NYSE:NTZ) Drops By 35.3%

Natuzzi S.p.A. (NYSE:NTZ) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 3,300 shares, a decline of 35.3% from the January 31st total of 5,100 shares. Based on an average daily volume of 9,000 shares, the days-to-cover ratio is currently 0.4 days.

Natuzzi Stock Up 0.7 %

NYSE:NTZ traded up $0.04 during trading hours on Monday, hitting $4.78. The stock had a trading volume of 4,015 shares, compared to its average volume of 10,348. The business has a 50 day simple moving average of $4.80 and a two-hundred day simple moving average of $4.47. Natuzzi has a 1-year low of $3.80 and a 1-year high of $6.49.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Natuzzi stock. Benjamin Edwards Inc. acquired a new position in Natuzzi S.p.A. (NYSE:NTZ) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned approximately 1.13% of Natuzzi at the end of the most recent reporting period. Institutional investors own 6.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Natuzzi in a research report on Sunday. They issued a “hold” rating for the company.

Natuzzi Company Profile

Natuzzi S.p.A. engages in the design, manufacture, and marketing of leather and fabric upholstered furniture through its own and franchised stores in the United States, Italy, China, Brazil, Spain, Mexico, Canada, Australia, Belgium, the United Arab Emirates, South Korea, Israel, Taiwan, the United Kingdom, and internationally.