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

Natuzzi S.p.A. (NYSE:NTZGet Rating) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,900 shares, a growth of 46.2% from the March 15th total of 1,300 shares. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is presently 0.2 days.

Shares of NYSE:NTZ traded down $0.01 during midday trading on Friday, reaching $13.19. The company had a trading volume of 4,640 shares, compared to its average volume of 8,500. The stock has a market capitalization of $144.69 million, a P/E ratio of 38.79 and a beta of 1.81. The stock’s fifty day moving average price is $11.59 and its 200-day moving average price is $14.08. Natuzzi has a one year low of $9.32 and a one year high of $23.11.

Separately, started coverage on shares of Natuzzi in a report on Monday, April 11th. They set a “hold” rating on the stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Natuzzi by 40.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 14,000 shares of the company’s stock worth $223,000 after purchasing an additional 4,000 shares during the last quarter. Morgan Stanley lifted its stake in Natuzzi by 1.4% in the third quarter. Morgan Stanley now owns 177,675 shares of the company’s stock valued at $2,891,000 after buying an additional 2,461 shares during the last quarter. Apis Capital Advisors LLC acquired a new position in shares of Natuzzi during the third quarter valued at $195,000. Finally, Wells Fargo & Company MN bought a new position in shares of Natuzzi during the second quarter worth about $96,000. 16.06% of the stock is owned by hedge funds and other institutional investors.

About Natuzzi (Get Rating)

Natuzzi S.p.A. designs, manufactures, and markets leather and fabric upholstered furniture through its own and franchised stores worldwide. The company operates through two segments, Natuzzi Brand and Private Label. Its products primarily include stationary furniture, such as sofas, loveseats, and armchairs; sectional furniture; motion furniture; sofa beds; occasional chairs, including recliners and massage chairs; and home furnishing accessories, including coffee tables, lamps, rugs, home accessories, and wall units.

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