Nova LifeStyle, Inc. (NASDAQ:NVFY) Short Interest Down 19.1% in July

Nova LifeStyle, Inc. (NASDAQ:NVFY) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 7,600 shares, a decrease of 19.1% from the July 15th total of 9,400 shares. Based on an average daily trading volume, of 23,800 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the shares of the stock are sold short.

Nova LifeStyle Price Performance

NVFY traded up $0.04 during midday trading on Friday, hitting $1.31. The company had a trading volume of 8,362 shares, compared to its average volume of 707,178. Nova LifeStyle has a twelve month low of $1.25 and a twelve month high of $6.38. The company has a market capitalization of $3.18 million, a PE ratio of -0.28 and a beta of 1.24. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.32 and a current ratio of 0.90. The firm’s 50-day simple moving average is $1.58 and its 200-day simple moving average is $1.95.

Nova LifeStyle (NASDAQ:NVFY) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.22) earnings per share for the quarter. Nova LifeStyle had a negative net margin of 68.74% and a negative return on equity of 344.65%. The company had revenue of $2.69 million during 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.