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

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

Nova LifeStyle Trading Down 3.7 %

NVFY stock traded down $0.02 on Thursday, hitting $0.50. 161,972 shares of the company were exchanged, compared to its average volume of 495,044. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.71 and a quick ratio of 0.15. Nova LifeStyle has a twelve month low of $0.46 and a twelve month high of $6.38. The business’s fifty day moving average is $1.13 and its two-hundred day moving average is $1.44. The stock has a market capitalization of $1.54 million, a price-to-earnings ratio of -0.11 and a beta of 1.26.

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.