Short Interest in Nova LifeStyle, Inc. (NASDAQ:NVFY) Rises By 50.5%

Nova LifeStyle, Inc. (NASDAQ:NVFY) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 16,700 shares, a growth of 50.5% from the October 15th total of 11,100 shares. Based on an average daily trading volume, of 19,100 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.3% of the shares of the stock are sold short.

Nova LifeStyle Price Performance

NVFY traded down $0.06 during trading hours on Thursday, hitting $0.76. The company’s stock had a trading volume of 43,850 shares, compared to its average volume of 511,879. Nova LifeStyle has a 12 month low of $0.73 and a 12 month high of $6.38. The company has a current ratio of 0.92, a quick ratio of 0.39 and a debt-to-equity ratio of 3.02. The business’s 50-day moving average price is $1.30 and its 200-day moving average price is $1.56. The stock has a market cap of $2.35 million, a price-to-earnings ratio of -0.18 and a beta of 1.26.

Nova LifeStyle (NASDAQ:NVFY) last announced its earnings results on Wednesday, August 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. Nova LifeStyle had a negative net margin of 81.41% and a negative return on equity of 718.36%. The business had revenue of $2.69 million for the quarter.

About Nova LifeStyle

Nova LifeStyle, Inc, through its subsidiaries, designs, manufactures, markets, and sells residential and commercial furniture for middle and upper middle-income consumers worldwide. The company offers upholstered, wood, and metal-based furniture pieces for the living, dining, and bedrooms, as well as home offices.