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

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

Natuzzi Trading Up 2.9 %

NYSE:NTZ traded up $0.14 during trading hours on Tuesday, reaching $4.94. 23,612 shares of the company were exchanged, compared to its average volume of 10,165. Natuzzi has a 1-year low of $3.80 and a 1-year high of $6.49. The business has a 50 day moving average of $4.80 and a 200 day moving average of $4.47.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Natuzzi

A hedge fund recently bought a new stake in Natuzzi stock. Benjamin Edwards Inc. purchased a new position in shares of Natuzzi S.p.A. (NYSE:NTZ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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. 6.07% of the stock is owned by hedge funds and other institutional investors.

About Natuzzi

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.