Natuzzi S.p.A. (NYSE:NTZ) Short Interest Up 37.0% in March

Natuzzi S.p.A. (NYSE:NTZ) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 3,700 shares, a growth of 37.0% from the March 15th total of 2,700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 9,200 shares, the short-interest ratio is presently 0.4 days.

Natuzzi Stock Up 0.2 %

Shares of NYSE NTZ opened at $4.09 on Friday. The business’s fifty day moving average price is $4.64 and its 200-day moving average price is $4.54. Natuzzi has a one year low of $3.80 and a one year high of $6.43.

Hedge Funds Weigh In On Natuzzi

An institutional investor recently raised its position in Natuzzi stock. Kanen Wealth Management LLC boosted its stake in Natuzzi S.p.A. (NYSE:NTZ) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,763,136 shares of the company’s stock after purchasing an additional 96,890 shares during the quarter. Natuzzi makes up 3.5% of Kanen Wealth Management LLC’s investment portfolio, making the stock its 10th largest position. Kanen Wealth Management LLC owned about 16.01% of Natuzzi worth $8,657,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 6.07% of the company’s stock.

Analyst Ratings Changes

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

About Natuzzi

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.