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

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

Institutional Investors Weigh In On Natuzzi

Several hedge funds and other institutional investors have recently bought and sold shares of NTZ. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Natuzzi during the first quarter worth about $1,817,000. Kanen Wealth Management LLC increased its position in shares of Natuzzi by 5.8% during the first 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 last quarter. Benjamin Edwards Inc. increased its position in shares of 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 acquiring an additional 38,350 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Natuzzi during the third quarter valued at about $36,000. 6.07% of the stock is currently owned by institutional investors and hedge funds.

Natuzzi Price Performance

Shares of NYSE NTZ traded up $0.09 during mid-day trading on Tuesday, reaching $2.80. The company’s stock had a trading volume of 4,783 shares, compared to its average volume of 7,163. The stock has a 50-day moving average of $2.99 and a two-hundred day moving average of $2.88. Natuzzi has a 1-year low of $2.15 and a 1-year high of $4.46.

Natuzzi (NYSE:NTZ) last issued its earnings results on Friday, May 15th. The company reported ($1.55) EPS for the quarter. The business 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%.

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.