Natuzzi, S.p.A. (NYSE:NTZ) Short Interest Down 58.5% in December

Natuzzi, S.p.A. (NYSE:NTZ) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 1,655 shares, a decrease of 58.5% from the December 15th total of 3,987 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 13,718 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 13,718 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Natuzzi in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Natuzzi presently has a consensus rating of “Sell”.

Natuzzi Stock Performance

Shares of Natuzzi stock traded down $0.07 during mid-day trading on Wednesday, hitting $3.10. The stock had a trading volume of 2,374 shares, compared to its average volume of 18,151. The firm has a 50-day moving average of $2.62 and a two-hundred day moving average of $2.91. Natuzzi has a 12-month low of $2.15 and a 12-month high of $5.50.

Natuzzi (NYSE:NTZ) last issued its quarterly earnings data on Thursday, November 20th. The company reported ($0.64) earnings per share for the quarter. The business 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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new position in Natuzzi in the third quarter valued at about $36,000. Benjamin Edwards Inc. raised its stake in shares of Natuzzi by 27.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 178,000 shares of the company’s stock valued at $648,000 after acquiring an additional 38,350 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Natuzzi during the 1st quarter worth approximately $1,817,000. Finally, Kanen Wealth Management LLC boosted its position in shares of Natuzzi by 5.8% during the 1st quarter. Kanen Wealth Management LLC now owns 1,763,136 shares of the company’s stock worth $8,657,000 after purchasing an additional 96,890 shares during the period. 6.07% of the stock is currently owned by hedge funds and other institutional investors.

Natuzzi Company Profile

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.