Short Interest in Natuzzi, S.p.A. (NYSE:NTZ) Grows By 143.9%

Natuzzi, S.p.A. (NYSE:NTZ) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 1,405 shares, an increase of 143.9% from the May 31st total of 576 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,824 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On Natuzzi

A number of hedge funds have recently made changes to their positions in NTZ. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Natuzzi in the first quarter valued at about $1,817,000. Kanen Wealth Management LLC lifted its stake in Natuzzi by 5.8% during the first quarter. Kanen Wealth Management LLC now owns 1,763,136 shares of the company’s stock worth $8,657,000 after purchasing an additional 96,890 shares during the period. Benjamin Edwards Inc. boosted its holdings in 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 purchasing an additional 38,350 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Natuzzi during the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 6.07% of the company’s stock.

Natuzzi Price Performance

Shares of NYSE:NTZ remained flat at $1.92 during trading on Monday. The stock had a trading volume of 18 shares, compared to its average volume of 1,124. The company has a current ratio of 0.85, a quick ratio of 0.50 and a debt-to-equity ratio of 0.89. Natuzzi has a one year low of $1.90 and a one year high of $4.06. The company has a fifty day moving average price of $2.55 and a two-hundred day moving average price of $2.78.

Natuzzi (NYSE:NTZ) last issued its earnings results on Friday, May 15th. The company reported ($1.55) EPS for the quarter. The firm had revenue of $90.93 million during the quarter. Natuzzi had a negative net margin of 9.71% and a negative return on equity of 76.40%.

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.