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

Natuzzi, S.p.A. (NYSE:NTZ) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 3,987 shares, an increase of 181.0% from the November 30th total of 1,419 shares. Based on an average trading volume of 4,099 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 4,099 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On Natuzzi

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new position in shares of Natuzzi during the 3rd quarter valued at approximately $36,000. Benjamin Edwards Inc. grew its position in 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 buying an additional 38,350 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Natuzzi during the first quarter valued at $1,817,000. Finally, Kanen Wealth Management LLC increased its holdings in Natuzzi by 1.6% in the second quarter. Kanen Wealth Management LLC now owns 1,791,446 shares of the company’s stock valued at $6,521,000 after buying an additional 28,310 shares in the last quarter. Institutional investors and hedge funds own 6.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Natuzzi in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Natuzzi Price Performance

NYSE:NTZ traded down $0.09 during mid-day trading on Friday, hitting $2.44. The company’s stock had a trading volume of 15,003 shares, compared to its average volume of 8,282. The business’s fifty day moving average is $2.72 and its two-hundred day moving average is $3.02. Natuzzi has a 1 year low of $2.15 and a 1 year high of $5.50.

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

Natuzzi Company Profile

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.