Nova LifeStyle, Inc. (NASDAQ:NVFY) Short Interest Up 2,466.7% in December

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

Nova LifeStyle Price Performance

NVFY stock traded down $0.02 on Monday, hitting $0.60. 26,689 shares of the company’s stock traded hands, compared to its average volume of 57,427. The company has a current ratio of 0.71, a quick ratio of 0.15 and a debt-to-equity ratio of 3.02. The stock has a market cap of $1.85 million, a price-to-earnings ratio of -0.13 and a beta of 1.04. Nova LifeStyle has a 1-year low of $0.39 and a 1-year high of $4.42. The stock has a fifty day moving average of $0.62 and a 200-day moving average of $1.16.

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.