Natuzzi S.p.A. (NYSE:NTZ) Short Interest Up 37.0% in March

Natuzzi S.p.A. (NYSE:NTZ) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 3,700 shares, an increase of 37.0% from the March 15th total of 2,700 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 9,200 shares, the short-interest ratio is currently 0.4 days.

Natuzzi Stock Performance

Shares of Natuzzi stock opened at $4.09 on Friday. The business has a 50 day moving average of $4.64 and a 200 day moving average of $4.54. Natuzzi has a 52 week low of $3.80 and a 52 week high of $6.43.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Natuzzi in a research report on Saturday. They set a “hold” rating for the company.

Institutional Investors Weigh In On Natuzzi

An institutional investor recently raised its position in Natuzzi stock. Benjamin Edwards Inc. increased its stake in Natuzzi S.p.A. (NYSE:NTZ) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,050 shares of the company’s stock after buying an additional 5,988 shares during the period. Benjamin Edwards Inc. owned 1.19% of Natuzzi worth $629,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.07% of the company’s stock.

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.