Natuzzi, S.p.A. (NYSE:NTZ) Sees Large Increase in Short Interest
by Kim Johansen · The Markets DailyNatuzzi, S.p.A. (NYSE:NTZ – Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 4,288 shares, an increase of 159.1% from the December 31st total of 1,655 shares. Based on an average daily volume of 21,826 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 21,826 shares, the days-to-cover ratio is currently 0.2 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Natuzzi in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.
Check Out Our Latest Stock Report on Natuzzi
Natuzzi Stock Performance
Natuzzi stock traded up $0.24 during trading on Friday, hitting $3.19. The company’s stock had a trading volume of 2,382 shares, compared to its average volume of 12,845. Natuzzi has a 1-year low of $2.15 and a 1-year high of $5.50. The stock’s fifty day moving average is $2.70 and its 200 day moving average is $2.89.
Natuzzi (NYSE:NTZ – Get Free Report) last issued its earnings results on Thursday, November 20th. The company reported ($0.64) earnings per share for the quarter. The firm had revenue of $92.29 million during the quarter. Natuzzi had a negative return on equity of 38.57% and a negative net margin of 6.12%.
Institutional Trading of Natuzzi
Several hedge funds have recently added to or reduced their stakes in NTZ. Citadel Advisors LLC bought a new stake in Natuzzi during the third quarter worth approximately $36,000. Benjamin Edwards Inc. boosted its holdings in Natuzzi by 27.5% in the second quarter. Benjamin Edwards Inc. now owns 178,000 shares of the company’s stock worth $648,000 after purchasing an additional 38,350 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Natuzzi during the first quarter worth $1,817,000. Finally, Kanen Wealth Management LLC raised its holdings in Natuzzi by 5.8% during the first quarter. Kanen Wealth Management LLC now owns 1,763,136 shares of the company’s stock valued at $8,657,000 after buying an additional 96,890 shares in the last quarter. Institutional investors own 6.07% of the company’s stock.
About Natuzzi
Natuzzi S.p.A. is a global design and manufacturing company specializing in high-quality upholstered furniture. The company’s product portfolio includes leather and fabric sofas, armchairs, recliners, sectional systems and complementary home furnishings such as coffee tables, beds and accessories. Natuzzi markets its offerings under two primary brands—Natuzzi Italia, which focuses on contemporary Italian design, and Natuzzi Editions, which provides a broader range of styles at accessible price points.
Founded in 1959 by Pasquale Natuzzi in Santeramo in Colle, Italy, the company began as a small artisan workshop and has grown into the world’s largest producer of leather upholstered furniture.