Natuzzi, S.p.A. (NYSE:NTZ – Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 5,972 shares, a growth of 1,001.8% from the June 30th total of 542 shares. Based on an average daily trading volume, of 4,840 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.1% of the company’s stock are sold short.
Institutional Trading of Natuzzi
A number of hedge funds have recently made changes to their positions in NTZ. Citadel Advisors LLC purchased a new position in Natuzzi during the third quarter valued at approximately $36,000. Benjamin Edwards Inc. lifted its position in Natuzzi by 27.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 178,000 shares of the company’s stock worth $648,000 after buying an additional 38,350 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Natuzzi in the 1st quarter worth approximately $1,817,000. Finally, Kanen Wealth Management LLC boosted its stake 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 valued at $8,657,000 after buying an additional 96,890 shares during the period. 6.07% of the stock is owned by hedge funds and other institutional investors.
Natuzzi Price Performance
NYSE:NTZ traded down $0.04 during trading hours on Friday, hitting $1.40. 867 shares of the company’s stock traded hands, compared to its average volume of 3,678. Natuzzi has a twelve month low of $1.30 and a twelve month high of $4.06. The company has a quick ratio of 0.50, a current ratio of 0.85 and a debt-to-equity ratio of 0.89. The stock’s fifty day moving average price is $2.03 and its two-hundred day moving average price is $2.67.
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.
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