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

Nova LifeStyle, Inc. (NASDAQ:NVFY) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 6,800 shares, a drop of 59.3% from the October 31st total of 16,700 shares. Based on an average daily trading volume, of 30,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Nova LifeStyle Trading Down 3.7 %

Shares of NVFY traded down $0.02 during midday trading on Thursday, hitting $0.50. The stock had a trading volume of 161,972 shares, compared to its average volume of 495,044. Nova LifeStyle has a fifty-two week low of $0.46 and a fifty-two week high of $6.38. The business has a 50-day simple moving average of $1.13 and a two-hundred day simple moving average of $1.44. The firm has a market cap of $1.54 million, a P/E ratio of -0.11 and a beta of 1.26. The company has a current ratio of 0.71, a quick ratio of 0.15 and a debt-to-equity ratio of 3.02.

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.