Short Interest in Nova LifeStyle, Inc. (NASDAQ:NVFY) Decreases By 92.5%

Nova LifeStyle, Inc. (NASDAQ:NVFY) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 18,700 shares, a decrease of 92.5% from the March 31st total of 250,200 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 1,670,000 shares, the short-interest ratio is currently 0.0 days.

Nova LifeStyle Trading Up 0.7 %

Shares of NASDAQ:NVFY traded up $0.02 during mid-day trading on Thursday, reaching $2.70. 45,703 shares of the company were exchanged, compared to its average volume of 1,373,578. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.02 and a quick ratio of 0.42. The firm has a market cap of $6.26 million, a price-to-earnings ratio of -0.54 and a beta of 1.23. The firm’s 50-day simple moving average is $2.23 and its 200 day simple moving average is $2.31. Nova LifeStyle has a 1 year low of $1.45 and a 1 year high of $6.38.

Nova LifeStyle (NASDAQ:NVFY) last posted its quarterly earnings data on Friday, April 12th. The company reported ($2.91) earnings per share for the quarter. The company had revenue of $2.27 million for the quarter. Nova LifeStyle had a negative return on equity of 209.91% and a negative net margin of 69.67%.

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.