Short Interest in Natuzzi S.p.A. (NYSE:NTZ) Decreases By 84.8%

Natuzzi S.p.A. (NYSE:NTZ) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 500 shares, a drop of 84.8% from the February 13th total of 3,300 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 10,200 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Natuzzi in a research note on Monday. They set a “hold” rating for the company.

Institutional Investors Weigh In On Natuzzi

An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. acquired a new stake in Natuzzi S.p.A. (NYSE:NTZ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned about 1.13% of Natuzzi as of its most recent filing with the Securities and Exchange Commission (SEC). 6.07% of the stock is currently owned by hedge funds and other institutional investors.

Natuzzi Trading Up 0.7 %

NTZ traded up $0.03 during trading on Thursday, hitting $4.60. 3,094 shares of the stock were exchanged, compared to its average volume of 6,472. Natuzzi has a 1 year low of $3.80 and a 1 year high of $6.49. The firm has a 50 day simple moving average of $4.82 and a 200 day simple moving average of $4.49.

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.