Natuzzi SpA (NYSE:NTZ) Short interest down 29.0% in April

Natuzzi SpA (NYSE:NTZ – Get Rating) saw a significant drop in short-term interest in April. As of April 30, there was short interest totaling 2,200 shares, down 29.0% from the April 15 total of 3,100 shares. Based on an average trading volume of 8,200 shares, the day-to-cover ratio is currently 0.3 days.

NYSE:NTZ shares opened at $10.15 on Friday. The company has a debt ratio of 0.16, a quick ratio of 0.60 and a current ratio of 1.01. Natuzzi has a 12-month low of $9.32 and a 12-month high of $23.11. The company has a market capitalization of $111.35 million, a PE ratio of 29.85 and a beta of 1.65. The company has a fifty-day moving average of $11.86 and a 200-day moving average of $13.26.

Several hedge funds have recently changed their positions in NTZ. Wells Fargo & Company MN purchased a new equity stake in Natuzzi during Q2 for $96,000. Cambridge Investment Research Advisors Inc. bought a new stake in Natuzzi stock during Q3 for $163,000. Apis Capital Advisors LLC purchased a new stake in Natuzzi stock during Q3 for $195,000. Morgan Stanley increased its position in Natuzzi shares by 1.4% during the third quarter. Morgan Stanley now owns 177,675 shares of the company worth $2,891,000 after buying 2,461 additional shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. bought a new position in Natuzzi in the first quarter valued at around $534,000. Institutional investors and hedge funds hold 15.72% of the company’s shares.

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Separately, assumed coverage of Natuzzi in a report on Friday. They set a “hold” rating for the company.

Natuzzi company profile (Get an evaluation)

Natuzzi SpA designs, manufactures and markets leather and fabric upholstered furniture in its own stores and franchise stores worldwide. The Company operates through two segments, Natuzzi Brand and Private Label. Its products mainly include stationary furniture, such as sofas, loveseats and armchairs; sectional furniture; movement furniture; sofa beds; booster chairs, including recliners and massage chairs; and furnishing accessories, including coffee tables, lamps, rugs, home accessories and wall units.

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