Natuzzi S.p.A. (NYSE:NTZ) Short Interest Up 23.5% in October

Natuzzi S.p.A. (NYSE:NTZ) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 2,100 shares, an increase of 23.5% from the October 15th total of 1,700 shares. Based on an average daily volume of 3,200 shares, the days-to-cover ratio is presently 0.7 days.

Natuzzi Stock Performance

Natuzzi stock traded down $0.05 during mid-day trading on Friday, reaching $4.00. 2,958 shares of the company’s stock were exchanged, compared to its average volume of 3,008. Natuzzi has a one year low of $3.80 and a one year high of $7.20. The business’s fifty day simple moving average is $4.20 and its 200 day simple moving average is $4.63.

Institutional Inflows and Outflows

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) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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. 6.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Natuzzi in a research report on Sunday, November 10th. They set a “hold” rating on the stock.

About Natuzzi

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.