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

Natuzzi S.p.A. (NYSE:NTZ) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 1,300 shares, a decrease of 38.1% from the October 31st total of 2,100 shares. Based on an average daily volume of 2,900 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Natuzzi in a report on Tuesday. They issued a “hold” rating on the stock.

Natuzzi Stock Performance

Shares of Natuzzi stock traded down $0.16 on Thursday, reaching $4.70. 848 shares of the stock were exchanged, compared to its average volume of 4,397. The firm’s 50 day moving average is $4.23 and its 200-day moving average is $4.53. Natuzzi has a one year low of $3.80 and a one year high of $7.20.

Hedge Funds Weigh In On Natuzzi

An institutional investor recently raised its position in Natuzzi stock. Benjamin F. Edwards & Company Inc. grew its position in shares of Natuzzi S.p.A. (NYSE:NTZ) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 121,262 shares of the company’s stock after purchasing an additional 2,450 shares during the quarter. Benjamin F. Edwards & Company Inc. owned about 1.10% of Natuzzi worth $594,000 as of its most recent SEC filing. Institutional investors own 6.07% of the company’s stock.

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.