Natuzzi S.p.A. (NYSE:NTZ) Sees Large Growth in Short Interest

Natuzzi S.p.A. (NYSE:NTZ) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 2,700 shares, an increase of 440.0% from the February 28th total of 500 shares. Based on an average trading volume of 9,800 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Natuzzi Price Performance

NTZ traded up $0.02 during trading on Thursday, hitting $4.92. The stock had a trading volume of 1,481 shares, compared to its average volume of 6,417. The stock has a 50 day simple moving average of $4.80 and a two-hundred day simple moving average of $4.53. Natuzzi has a twelve month low of $3.80 and a twelve month high of $6.49.

Institutional Trading of Natuzzi

An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. purchased a new stake in Natuzzi S.p.A. (NYSE:NTZ) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned about 1.13% of Natuzzi as of its most recent filing with the Securities & Exchange Commission. 6.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Natuzzi in a research report on Wednesday. They set 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.