Short Interest in Natuzzi, S.p.A. (NYSE:NTZ) Rises By 1,001.8%

Natuzzi, S.p.A. (NYSE:NTZ) was the target of a significant growth in short interest during the month of 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 trading volume of 4,840 shares, the short-interest ratio is presently 1.2 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NTZ. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Natuzzi during the first quarter valued at approximately $1,817,000. Kanen Wealth Management LLC boosted its holdings in 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 acquiring an additional 96,890 shares during the period. Benjamin Edwards Inc. boosted its holdings in Natuzzi by 27.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 178,000 shares of the company’s stock valued at $648,000 after acquiring an additional 38,350 shares during the period. Finally, Citadel Advisors LLC purchased a new position in Natuzzi during the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 6.07% of the company’s stock.

Natuzzi Stock Performance

Shares of NTZ traded down $0.04 during midday trading on Friday, hitting $1.40. The stock had a trading volume of 867 shares, compared to its average volume of 3,678. The stock’s 50 day moving average is $2.03 and its 200 day moving average is $2.67. The company has a current ratio of 0.85, a quick ratio of 0.50 and a debt-to-equity ratio of 0.89. Natuzzi has a 1 year low of $1.30 and a 1 year high of $4.06.

Natuzzi (NYSE:NTZ) last released its quarterly earnings results on Friday, May 15th. The company reported ($1.55) EPS for the quarter. The firm had revenue of $90.93 million for the quarter. Natuzzi had a negative return on equity of 76.40% and a negative net margin of 9.71%.

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.