Short Interest in Natuzzi, S.p.A. (NYSE:NTZ) Increases By 158.7%

Natuzzi, S.p.A. (NYSE:NTZ) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 9,042 shares, a growth of 158.7% from the January 29th total of 3,495 shares. Based on an average daily trading volume, of 2,445 shares, the short-interest ratio is presently 3.7 days. Based on an average daily trading volume, of 2,445 shares, the short-interest ratio is presently 3.7 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Natuzzi in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Natuzzi Price Performance

Shares of NTZ opened at $3.06 on Friday. Natuzzi has a 52 week low of $2.15 and a 52 week high of $5.50. The stock has a 50 day moving average price of $2.91 and a two-hundred day moving average price of $2.94.

Natuzzi (NYSE:NTZ) last announced its earnings results 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 for the quarter.

Institutional Trading of Natuzzi

Several institutional investors have recently made changes to their positions in NTZ. Citadel Advisors LLC purchased a new stake in shares of Natuzzi in the third quarter valued at about $36,000. Benjamin Edwards Inc. grew its position 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Natuzzi in the 1st quarter valued at about $1,817,000. Finally, Kanen Wealth Management LLC lifted 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 worth $8,657,000 after buying an additional 96,890 shares in the last quarter. Institutional investors own 6.07% of the company’s stock.

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.