Short Interest in Natuzzi S.p.A. (NYSE:NTZ) Declines By 55.7%

Natuzzi S.p.A. (NYSE:NTZ - Get Free Report) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 5,100 shares, a decline of 55.7% from the January 15th total of 11,500 shares. Based on an average trading volume of 8,800 shares, the short-interest ratio is presently 0.6 days.

Natuzzi Stock Down 1.5 %

NYSE:NTZ traded down $0.08 during mid-day trading on Monday, reaching $4.83. 1,230 shares of the company were exchanged, compared to its average volume of 12,532. Natuzzi has a 12 month low of $3.80 and a 12 month high of $6.49. The company has a fifty day moving average of $4.71 and a 200 day moving average of $4.43.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Natuzzi in a research note on Friday. They issued a "hold" rating on the stock.

Institutional Trading of Natuzzi

An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. acquired a new position in shares of Natuzzi S.p.A. (NYSE:NTZ - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 125,062 shares of the company's stock, valued at approximately $544,000. Benjamin Edwards Inc. owned about 1.13% of Natuzzi at the end of the most recent quarter. Institutional investors own 6.07% of the company's 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.