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

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

Natuzzi Stock Up 1.4 %

Shares of NTZ stock traded up $0.07 during trading hours on Wednesday, reaching $4.64. 3,094 shares of the stock traded hands, compared to its average volume of 6,478. Natuzzi has a 1-year low of $3.80 and a 1-year high of $6.49. The business has a fifty day moving average price of $4.82 and a 200 day moving average price of $4.49.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Natuzzi stock. Benjamin Edwards Inc. grew its holdings in Natuzzi S.p.A. (NYSE:NTZ) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,050 shares of the company’s stock after purchasing an additional 5,988 shares during the period. Benjamin Edwards Inc. owned about 1.19% of Natuzzi worth $629,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 6.07% of the company’s stock.

Wall Street Analyst Weigh In

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

About Natuzzi

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.