Nova LifeStyle, Inc. (NASDAQ:NVFY) Short Interest Update

Nova LifeStyle, Inc. (NASDAQ:NVFY) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 38,500 shares, an increase of 2,466.7% from the December 31st total of 1,500 shares. Based on an average daily trading volume, of 76,000 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.7% of the shares of the stock are short sold.

Nova LifeStyle Price Performance

NVFY stock traded down $0.02 during mid-day trading on Wednesday, hitting $0.59. The company had a trading volume of 902 shares, compared to its average volume of 31,100. The company has a market capitalization of $1.83 million, a price-to-earnings ratio of -0.13 and a beta of 1.04. The company has a 50-day moving average price of $0.55 and a 200 day moving average price of $1.07. The company has a quick ratio of 0.15, a current ratio of 0.71 and a debt-to-equity ratio of 3.02. Nova LifeStyle has a 12-month low of $0.39 and a 12-month high of $4.42.

Nova LifeStyle Company Profile

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.