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

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

Nova LifeStyle Price Performance

Nova LifeStyle stock traded down $0.06 during trading on Friday, reaching $0.70. The company had a trading volume of 42,029 shares, compared to its average volume of 509,770. The firm has a market capitalization of $2.16 million, a PE ratio of -0.15 and a beta of 1.26. The firm’s 50-day simple moving average is $1.27 and its 200 day simple moving average is $1.54. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.39 and a current ratio of 0.92. Nova LifeStyle has a 1-year low of $0.67 and a 1-year high of $6.38.

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. The company had revenue of $2.69 million during the quarter. Nova LifeStyle had a negative net margin of 81.41% and a negative return on equity of 718.36%.

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.