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

Nova LifeStyle, Inc. (NASDAQ:NVFY) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 16,700 shares, a growth of 50.5% from the October 15th total of 11,100 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 19,100 shares, the short-interest ratio is presently 0.9 days.

Nova LifeStyle Stock Performance

Nova LifeStyle stock traded down $0.06 during midday trading on Thursday, hitting $0.76. The stock had a trading volume of 43,850 shares, compared to its average volume of 511,879. Nova LifeStyle has a 52-week low of $0.73 and a 52-week high of $6.38. The company has a market capitalization of $2.35 million, a PE ratio of -0.18 and a beta of 1.26. The firm’s fifty day moving average is $1.30 and its two-hundred day moving average is $1.56. The company has a current ratio of 0.92, a quick ratio of 0.39 and a debt-to-equity ratio of 3.02.

Nova LifeStyle (NASDAQ:NVFY) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.22) EPS for the quarter. The firm had revenue of $2.69 million for the quarter. Nova LifeStyle had a negative net margin of 81.41% and a negative return on equity of 718.36%.

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.