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

Natuzzi S.p.A. (NYSE:NTZ) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 1,900 shares, an increase of 46.2% from the November 15th total of 1,300 shares. Based on an average daily volume of 2,900 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Natuzzi

An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. purchased a new position in shares of Natuzzi S.p.A. (NYSE:NTZ) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned approximately 1.13% of Natuzzi as of its most recent filing with the Securities and Exchange Commission (SEC). 6.07% of the stock is currently owned by institutional investors.

Natuzzi Stock Down 10.5 %

Natuzzi stock traded down $0.50 during midday trading on Friday, hitting $4.25. 23,399 shares of the company were exchanged, compared to its average volume of 4,388. The business has a fifty day simple moving average of $4.33 and a two-hundred day simple moving average of $4.48. Natuzzi has a fifty-two week low of $3.80 and a fifty-two week high of $7.20.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Natuzzi in a report on Thursday. They issued a “hold” rating on the 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.