Short Interest in Natuzzi, S.p.A. (NYSE:NTZ) Expands By 181.0%

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

Natuzzi Stock Performance

Natuzzi stock traded down $0.13 during midday trading on Friday, reaching $2.39. The company’s stock had a trading volume of 15,620 shares, compared to its average volume of 7,793. Natuzzi has a 52 week low of $2.15 and a 52 week high of $5.50. The business has a 50-day moving average price of $2.71 and a 200-day moving average price of $3.01.

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Natuzzi

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC bought a new position in Natuzzi in the third quarter valued at about $36,000. Benjamin Edwards Inc. raised its holdings in Natuzzi by 27.5% in the 2nd 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Natuzzi during the 1st quarter worth approximately $1,817,000. Finally, Kanen Wealth Management LLC grew its holdings in Natuzzi by 5.8% during the 1st quarter. Kanen Wealth Management LLC now owns 1,763,136 shares of the company’s stock worth $8,657,000 after acquiring an additional 96,890 shares during the last quarter. Institutional investors own 6.07% of the company’s stock.

About Natuzzi

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.