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

Natuzzi, S.p.A. (NYSE:NTZ) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 542 shares, a drop of 61.4% from the June 15th total of 1,405 shares. Based on an average trading volume of 295 shares, the short-interest ratio is presently 1.8 days. Approximately 0.0% of the company’s shares are sold short.

Natuzzi Stock Down 0.6%

Shares of NYSE NTZ opened at $1.55 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.85 and a quick ratio of 0.50. The company’s fifty day simple moving average is $2.30 and its 200 day simple moving average is $2.74. Natuzzi has a 12-month low of $1.50 and a 12-month high of $4.06.

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

Institutional Trading of Natuzzi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new position in shares of Natuzzi during the third quarter valued at approximately $36,000. Benjamin Edwards Inc. grew its holdings in Natuzzi by 27.5% during the second 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 valued at $1,817,000. Finally, Kanen Wealth Management LLC raised its position in Natuzzi by 2.8% in the 1st quarter. Kanen Wealth Management LLC now owns 2,222,276 shares of the company’s stock valued at $6,778,000 after buying an additional 60,140 shares during the last quarter. 6.07% of the stock is owned by institutional investors.

Natuzzi Company Profile

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.