Short Interest in Natuzzi S.p.A. (NYSE:NTZ) Grows By 440.0%

Natuzzi S.p.A. (NYSE:NTZ) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 2,700 shares, a growth of 440.0% from the February 28th total of 500 shares. Based on an average daily volume of 9,800 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Natuzzi in a research report on Wednesday. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. purchased a new stake in Natuzzi S.p.A. (NYSE:NTZ) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned approximately 1.13% of Natuzzi as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 6.07% of the company’s stock.

Natuzzi Price Performance

Shares of NYSE NTZ traded down $0.09 during trading hours on Wednesday, reaching $4.81. 1,481 shares of the stock were exchanged, compared to its average volume of 6,446. The stock’s fifty day simple moving average is $4.80 and its 200 day simple moving average is $4.53. Natuzzi has a 52 week low of $3.80 and a 52 week high of $6.49.

Natuzzi Company Profile

Natuzzi S.p.A. engages in the design, manufacture, and marketing of leather and fabric upholstered furniture through its own and franchised stores in the United States, Italy, China, Brazil, Spain, Mexico, Canada, Australia, Belgium, the United Arab Emirates, South Korea, Israel, Taiwan, the United Kingdom, and internationally.