Natuzzi S.p.A. (NYSE:NTZ) Sees Significant Increase in Short Interest

Natuzzi S.p.A. (NYSE:NTZ) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 2,700 shares, an increase of 440.0% from the February 28th total of 500 shares. Based on an average trading volume of 9,800 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Natuzzi in a report on Wednesday. They set a “hold” rating for the company.

Natuzzi Price Performance

NTZ stock remained flat at $4.90 during midday trading on Friday. 1,481 shares of the company’s stock were exchanged, compared to its average volume of 6,439. Natuzzi has a 1-year low of $3.80 and a 1-year high of $6.43. The firm has a 50 day moving average price of $4.81 and a 200-day moving average price of $4.53.

Institutional Investors Weigh In On Natuzzi

A hedge fund recently bought a new stake in Natuzzi stock. Benjamin Edwards Inc. bought a new position in shares of Natuzzi S.p.A. (NYSE:NTZ) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned 1.13% of Natuzzi at the end of the most recent quarter. Hedge funds and other institutional investors own 6.07% of the company’s stock.

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.