Natuzzi, S.p.A. (NYSE:NTZ) Short Interest Down 34.8% in April

Natuzzi, S.p.A. (NYSE:NTZ) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 518 shares, a decline of 34.8% from the April 15th total of 794 shares. Based on an average daily trading volume, of 1,517 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

Natuzzi Stock Up 3.0%

Shares of NTZ opened at $2.79 on Wednesday. Natuzzi has a twelve month low of $2.15 and a twelve month high of $4.46. The firm’s 50 day moving average price is $2.98 and its two-hundred day moving average price is $2.88.

Natuzzi (NYSE:NTZ) last announced its quarterly earnings results on Friday, May 15th. The company reported ($1.55) earnings per share for the quarter. Natuzzi had a negative net margin of 6.12% and a negative return on equity of 38.57%. The company had revenue of $90.93 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new position in Natuzzi in the third quarter valued at approximately $36,000. Benjamin Edwards Inc. lifted its stake in Natuzzi by 27.5% in the second quarter. Benjamin Edwards Inc. now owns 178,000 shares of the company’s stock valued at $648,000 after buying an additional 38,350 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Natuzzi in the first quarter valued at approximately $1,817,000. Finally, Kanen Wealth Management LLC lifted its stake in Natuzzi by 5.8% in the first 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. 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.