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 July. As of July 15th, there was short interest totaling 5,972 shares, an increase of 1,001.8% from the June 30th total of 542 shares. Based on an average daily trading volume, of 4,840 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Natuzzi

A number of large investors have recently added to or reduced their stakes in the stock. Kanen Wealth Management LLC lifted its holdings in Natuzzi by 2.8% during the first quarter. Kanen Wealth Management LLC now owns 2,222,276 shares of the company’s stock valued at $6,778,000 after purchasing an additional 60,140 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Natuzzi during the third quarter worth about $36,000. Benjamin Edwards Inc. raised its position in shares of Natuzzi by 27.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 178,000 shares of the company’s stock worth $648,000 after purchasing an additional 38,350 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Natuzzi during the 1st quarter worth about $1,817,000. 6.07% of the stock is currently owned by institutional investors and hedge funds.

Natuzzi Price Performance

NYSE:NTZ traded down $0.04 during trading hours on Friday, reaching $1.40. The company had a trading volume of 867 shares, compared to its average volume of 3,678. The company has a current ratio of 0.85, a quick ratio of 0.50 and a debt-to-equity ratio of 0.89. Natuzzi has a 1-year low of $1.30 and a 1-year high of $4.06. The business’s 50 day moving average price is $2.03 and its 200-day moving average price is $2.67.

Natuzzi (NYSE:NTZ) last posted its earnings results on Friday, May 15th. The company reported ($1.55) earnings per share (EPS) for the quarter. The firm had revenue of $90.93 million during the quarter. Natuzzi had a negative net margin of 9.71% and a negative return on equity of 76.40%.

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.