Natuzzi S.p.A. (NYSE:NTZ) Short Interest Update

Natuzzi S.p.A. (NYSE:NTZ - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,700 shares, a growth of 440.0% from the February 28th total of 500 shares. Based on an average daily trading volume, of 9,800 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Natuzzi

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

Natuzzi Stock Up 1.7 %

NTZ stock traded up $0.08 during midday trading on Friday, reaching $4.98. The company had a trading volume of 1,481 shares, compared to its average volume of 6,496. The company has a 50 day moving average of $4.81 and a two-hundred day moving average of $4.54. Natuzzi has a 1 year low of $3.80 and a 1 year high of $6.43.

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.