Natuzzi, S.p.A. (NYSE:NTZ) Short Interest Down 34.8% in April

Natuzzi, S.p.A. (NYSE:NTZ) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 518 shares, a decline of 34.8% from the April 15th total of 794 shares. Based on an average daily trading volume, of 1,517 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Natuzzi Stock Up 1.5%

NYSE:NTZ traded up $0.04 during trading hours on Monday, reaching $2.78. 508 shares of the stock were exchanged, compared to its average volume of 7,239. Natuzzi has a twelve month low of $2.15 and a twelve month high of $4.46. The business has a 50-day moving average of $2.99 and a two-hundred day moving average of $2.88.

Natuzzi (NYSE:NTZ) last released 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 6.12% and a negative return on equity of 38.57%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NTZ. 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 $1,817,000. Kanen Wealth Management LLC grew its position in shares of Natuzzi by 5.8% during the 1st quarter. Kanen Wealth Management LLC now owns 1,763,136 shares of the company’s stock valued at $8,657,000 after acquiring an additional 96,890 shares during the period. Benjamin Edwards Inc. boosted its stake in Natuzzi by 27.5% in 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 period. Finally, Citadel Advisors LLC bought a new stake in Natuzzi during the third quarter valued at approximately $36,000. 6.07% of the stock is currently owned by institutional investors.

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.