Short Interest in Nova LifeStyle, Inc. (NASDAQ:NVFY) Decreases By 23.7%

Nova LifeStyle, Inc. (NASDAQ:NVFY) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 31,800 shares, a drop of 23.7% from the June 15th total of 41,700 shares. Based on an average daily trading volume, of 546,300 shares, the short-interest ratio is currently 0.1 days. Currently, 2.2% of the company’s stock are short sold.

Nova LifeStyle Stock Performance

Shares of Nova LifeStyle stock traded up $0.21 during trading on Friday, hitting $1.87. 46,624 shares of the stock traded hands, compared to its average volume of 22,851. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.32 and a current ratio of 0.90. Nova LifeStyle has a 52-week low of $1.45 and a 52-week high of $6.38. The stock’s fifty day simple moving average is $1.78 and its 200 day simple moving average is $2.20.

Nova LifeStyle (NASDAQ:NVFY) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.65) EPS for the quarter. The firm had revenue of $2.38 million for the quarter. Nova LifeStyle had a negative net margin of 68.74% and a negative return on equity of 344.65%.

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.