Short Interest in Natuzzi S.p.A. (NYSE:NTZ) Drops By 35.3%

Natuzzi S.p.A. (NYSE:NTZ) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 3,300 shares, a decrease of 35.3% from the January 31st total of 5,100 shares. Based on an average trading volume of 9,000 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

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

Natuzzi Stock Performance

NTZ traded up $0.14 on Tuesday, hitting $4.94. 23,612 shares of the company were exchanged, compared to its average volume of 10,165. The stock’s fifty day moving average is $4.80 and its 200-day moving average is $4.47. Natuzzi has a 12 month low of $3.80 and a 12 month high of $6.49.

Institutional Trading of Natuzzi

A hedge fund recently raised its stake in Natuzzi stock. Benjamin Edwards Inc. raised its holdings in Natuzzi S.p.A. (NYSE:NTZ) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,050 shares of the company’s stock after buying an additional 5,988 shares during the period. Benjamin Edwards Inc. owned about 1.19% of Natuzzi worth $629,000 at the end of the most recent quarter. Institutional investors own 6.07% of the company’s 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.