Nova LifeStyle, Inc. (NASDAQ:NVFY) Short Interest Down 59.3% in November

Nova LifeStyle, Inc. (NASDAQ:NVFY) was the target of a large decrease in short interest in 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 days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Nova LifeStyle Stock Performance

Nova LifeStyle stock traded down $0.01 during mid-day trading on Friday, reaching $0.49. 33,010 shares of the company traded hands, compared to its average volume of 493,044. 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 fifty-two week low of $0.46 and a fifty-two week high of $6.38. The company has a market capitalization of $1.51 million, a price-to-earnings ratio of -0.11 and a beta of 1.26. The firm’s fifty day moving average is $1.10 and its two-hundred day moving average is $1.42.

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.