Natuzzi, S.p.A. (NYSE:NTZ) Short Interest Down 18.5% in January

Natuzzi, S.p.A. (NYSE:NTZ) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 3,495 shares, a decrease of 18.5% from the January 15th total of 4,288 shares. Based on an average trading volume of 4,103 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 4,103 shares, the days-to-cover ratio is currently 0.9 days.

Natuzzi Trading Up 2.4%

NYSE NTZ traded up $0.08 on Monday, reaching $3.22. 6,124 shares of the stock traded hands, compared to its average volume of 3,268. Natuzzi has a 12 month low of $2.15 and a 12 month high of $5.50. The company has a fifty day moving average price of $2.82 and a 200-day moving average price of $2.92.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Natuzzi

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new position in Natuzzi in the third quarter worth $36,000. Benjamin Edwards Inc. boosted its position in shares of 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 position in Natuzzi during the 1st quarter worth $1,817,000. Finally, Kanen Wealth Management LLC increased its position in 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 buying an additional 96,890 shares in the last quarter. Hedge funds and other institutional investors own 6.07% of the company’s stock.

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.