Natuzzi, S.p.A. (NYSE:NTZ) Sees Significant Growth in Short Interest

Natuzzi, S.p.A. (NYSE:NTZ) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 3,987 shares, an increase of 181.0% from the November 30th total of 1,419 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 4,099 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 4,099 shares, the short-interest ratio is currently 1.0 days. Currently, 0.0% of the company’s stock are short sold.

Natuzzi Price Performance

NYSE NTZ traded down $0.09 on Friday, hitting $2.44. The stock had a trading volume of 15,003 shares, compared to its average volume of 8,282. The business’s fifty day moving average price is $2.72 and its 200 day moving average price is $3.02. Natuzzi has a 52-week low of $2.15 and a 52-week high of $5.50.

Natuzzi (NYSE:NTZ) last issued its quarterly earnings data on Thursday, November 20th. The company reported ($0.64) EPS for the quarter. Natuzzi had a negative net margin of 6.12% and a negative return on equity of 38.57%. The business had revenue of $92.29 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Natuzzi in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Natuzzi currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Natuzzi

Large investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in Natuzzi in the 3rd quarter worth approximately $36,000. Benjamin Edwards Inc. raised its holdings in shares of Natuzzi by 27.5% in the second quarter. Benjamin Edwards Inc. now owns 178,000 shares of the company’s stock worth $648,000 after buying an additional 38,350 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Natuzzi during the first quarter worth $1,817,000. Finally, Kanen Wealth Management LLC grew its holdings in shares of Natuzzi by 5.8% during 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 during the last quarter. Hedge funds and other 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.