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

Nova LifeStyle, Inc. (NASDAQ:NVFY) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 38,500 shares, an increase of 2,466.7% from the December 31st total of 1,500 shares. Based on an average daily trading volume, of 76,000 shares, the short-interest ratio is currently 0.5 days. Currently, 0.7% of the company’s shares are sold short.

Nova LifeStyle Trading Down 2.8 %

Shares of NASDAQ NVFY traded down $0.02 during trading hours on Wednesday, reaching $0.59. The stock had a trading volume of 902 shares, compared to its average volume of 31,100. The business’s fifty day moving average price is $0.55 and its two-hundred day moving average price is $1.07. The firm has a market cap of $1.83 million, a price-to-earnings ratio of -0.13 and a beta of 1.04. Nova LifeStyle has a 52-week low of $0.39 and a 52-week high of $4.42. 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.