Natuzzi, S.p.A. (NYSE:NTZ) Short Interest Update

Natuzzi, S.p.A. (NYSE:NTZ) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 3,495 shares, a drop of 18.5% from the January 15th total of 4,288 shares. Based on an average daily volume of 4,103 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 4,103 shares, the short-interest ratio is currently 0.9 days.

Natuzzi Price Performance

NYSE:NTZ opened at $3.18 on Wednesday. The company’s 50 day moving average is $2.83 and its 200-day moving average is $2.93. Natuzzi has a 12 month low of $2.15 and a 12 month high of $5.50.

Natuzzi (NYSE:NTZ) last announced its earnings results on Thursday, November 20th. The company reported ($0.64) earnings per share for the quarter. The business had revenue of $92.29 million for the quarter. Natuzzi had a negative net margin of 6.12% and a negative return on equity of 38.57%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Natuzzi in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Natuzzi currently has an average rating of “Sell”.

Hedge Funds Weigh In On Natuzzi

Several large investors have recently bought and sold shares of the stock. Kanen Wealth Management LLC grew its stake in shares of Natuzzi by 5.8% in the 1st quarter. Kanen Wealth Management LLC now owns 1,763,136 shares of the company’s stock valued at $8,657,000 after purchasing an additional 96,890 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Natuzzi during the first quarter worth $1,817,000. Benjamin Edwards Inc. lifted its holdings in shares of Natuzzi by 27.5% during the second quarter. Benjamin Edwards Inc. now owns 178,000 shares of the company’s stock valued at $648,000 after acquiring an additional 38,350 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of Natuzzi in the 3rd quarter valued at $36,000. 6.07% of the stock is currently owned by institutional investors and hedge funds.

About Natuzzi

Natuzzi S.p.A. is a global design and manufacturing company specializing in high-quality upholstered furniture. The company’s product portfolio includes leather and fabric sofas, armchairs, recliners, sectional systems and complementary home furnishings such as coffee tables, beds and accessories. Natuzzi markets its offerings under two primary brands—Natuzzi Italia, which focuses on contemporary Italian design, and Natuzzi Editions, which provides a broader range of styles at accessible price points.

Founded in 1959 by Pasquale Natuzzi in Santeramo in Colle, Italy, the company began as a small artisan workshop and has grown into the world’s largest producer of leather upholstered furniture.