Nova LifeStyle, Inc. (NASDAQ:NVFY) Sees Large Increase in Short Interest

Nova LifeStyle, Inc. (NASDAQ:NVFYGet Free Report) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 28,200 shares, an increase of 340.6% from the January 31st total of 6,400 shares. Based on an average trading volume of 789,900 shares, the days-to-cover ratio is presently 0.0 days. Currently, 3.0% of the company’s stock are short sold.

Nova LifeStyle Stock Performance

Shares of NASDAQ:NVFY traded down $0.09 on Wednesday, hitting $1.65. 7,841 shares of the company’s stock were exchanged, compared to its average volume of 49,319. Nova LifeStyle has a 1-year low of $1.50 and a 1-year high of $6.38. The company has a current ratio of 1.55, a quick ratio of 0.74 and a debt-to-equity ratio of 0.04. The firm’s 50-day moving average is $2.46 and its 200 day moving average is $2.39.

Nova LifeStyle Company Profile

(Get Free Report)

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.

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