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

Natuzzi S.p.A. (NYSE:NTZ) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 1,900 shares, a growth of 46.2% from the November 15th total of 1,300 shares. Based on an average trading volume of 2,900 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Natuzzi

A hedge fund recently bought a new stake in Natuzzi stock. Benjamin Edwards Inc. bought a new stake in shares of Natuzzi S.p.A. (NYSE:NTZ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned about 1.13% of Natuzzi as of its most recent SEC filing. Hedge funds and other institutional investors own 6.07% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Natuzzi in a report on Thursday. They set a “hold” rating on the stock.

Natuzzi Stock Down 10.5 %

NYSE:NTZ traded down $0.50 during mid-day trading on Friday, reaching $4.25. The company’s stock had a trading volume of 23,399 shares, compared to its average volume of 4,388. Natuzzi has a 1 year low of $3.80 and a 1 year high of $7.20. The stock has a fifty day moving average of $4.33 and a 200-day moving average of $4.48.

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.