Natuzzi, S.p.A. (NYSE:NTZ) Short Interest Update

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Citadel Advisors LLC bought a new stake in shares of Natuzzi in the 3rd quarter worth about $36,000. Benjamin Edwards Inc. raised 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 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 stake in shares of Natuzzi in the first quarter valued at approximately $1,817,000. Finally, Kanen Wealth Management LLC raised its position in Natuzzi by 5.8% in 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 in the last quarter. 6.07% of the stock is owned by hedge funds and other institutional investors.

Natuzzi Stock Performance

NYSE:NTZ traded up $0.04 during midday trading on Monday, hitting $2.78. 508 shares of the company traded hands, compared to its average volume of 7,239. The firm’s fifty day moving average is $2.99 and its 200-day moving average is $2.88. Natuzzi has a 12-month low of $2.15 and a 12-month high of $4.46.

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 6.12% and a negative return on equity of 38.57%.

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.