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

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

Analyst Upgrades and Downgrades

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

Natuzzi Price Performance

Natuzzi stock traded up $0.02 during trading hours on Thursday, hitting $4.92. The company had a trading volume of 1,481 shares, compared to its average volume of 6,417. The company has a 50-day moving average price of $4.80 and a two-hundred day moving average price of $4.53. 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 raised its stake in Natuzzi stock. Kanen Wealth Management LLC grew its position in Natuzzi S.p.A. (NYSE:NTZ) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,666,246 shares of the company’s stock after buying an additional 34,086 shares during the quarter. Natuzzi accounts for 3.0% of Kanen Wealth Management LLC’s holdings, making the stock its 10th largest holding. Kanen Wealth Management LLC’s holdings in Natuzzi were worth $7,998,000 at the end of the most recent quarter. Institutional investors own 6.07% of the company’s stock.

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.