Short Interest in Natuzzi S.p.A. (NYSE:NTZ) Drops By 38.1%

Natuzzi S.p.A. (NYSE:NTZ) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 1,300 shares, a decrease of 38.1% from the October 31st total of 2,100 shares. Based on an average daily volume of 2,900 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Natuzzi

A hedge fund recently raised its stake in Natuzzi stock. Benjamin F. Edwards & Company Inc. raised its position in shares of Natuzzi S.p.A. (NYSE:NTZ) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,262 shares of the company’s stock after buying an additional 2,450 shares during the period. Benjamin F. Edwards & Company Inc. owned about 1.10% of Natuzzi worth $594,000 at the end of the most recent reporting period. 6.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Natuzzi in a research report on Tuesday. They set a “hold” rating for the company.

Natuzzi Price Performance

Shares of NTZ stock traded down $0.16 on Thursday, hitting $4.70. 848 shares of the company’s stock traded hands, compared to its average volume of 4,397. The company’s fifty day simple moving average is $4.23 and its 200 day simple moving average is $4.53. Natuzzi has a one year low of $3.80 and a one year high of $7.20.

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.