Short Interest in Natuzzi S.p.A. (NYSE:NTZ) Grows By 440.0%

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

Institutional Inflows and Outflows

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) in the third quarter, according to the company in 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 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.

Natuzzi Price Performance

Shares of NYSE:NTZ traded down $0.09 during midday trading on Wednesday, hitting $4.81. The stock had a trading volume of 1,481 shares, compared to its average volume of 6,446. Natuzzi has a 12 month low of $3.80 and a 12 month high of $6.49. The business’s 50-day simple moving average is $4.80 and its 200-day simple moving average is $4.53.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Natuzzi in a report on Wednesday. They set a “hold” rating on the stock.

Natuzzi Company Profile

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.