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. Approximately 0.0% of the shares of the stock are short sold. 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. acquired a new stake 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. The firm acquired 125,062 shares of the company’s stock, valued at approximately $544,000. Benjamin Edwards Inc. owned approximately 1.13% of Natuzzi at the end of the most recent quarter. 6.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Natuzzi Price Performance

Shares of NYSE:NTZ remained flat at $4.90 during trading on Friday. 1,481 shares of the stock were exchanged, compared to its average volume of 6,439. The company has a 50 day moving average price of $4.81 and a two-hundred day moving average price of $4.53. Natuzzi has a 1 year low of $3.80 and a 1 year high of $6.43.

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.