Natuzzi S.p.A. (NYSE:NTZ) Sees Significant Decline in Short Interest

Natuzzi S.p.A. (NYSE:NTZ - Get Free Report) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 3,300 shares, a decline of 35.3% from the January 31st total of 5,100 shares. Based on an average daily 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 research note on Sunday. They issued a "hold" rating on the stock.

Institutional Investors Weigh In On Natuzzi

An institutional investor recently bought a new position in Natuzzi stock. Benjamin Edwards Inc. purchased a new stake in shares of Natuzzi S.p.A. (NYSE:NTZ - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 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. Institutional investors and hedge funds own 6.07% of the company's stock.

Natuzzi Price Performance

NTZ stock traded down $0.17 during trading on Wednesday, reaching $4.76. 1,500 shares of the company were exchanged, compared to its average volume of 6,221. The company has a 50-day moving average of $4.81 and a two-hundred day moving average of $4.47. Natuzzi has a twelve month low of $3.80 and a twelve month high of $6.49.

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.