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

Nova LifeStyle, Inc. (NASDAQ:NVFY) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 40,600 shares, a decline of 19.3% from the January 15th total of 50,300 shares. Based on an average daily trading volume, of 76,200 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.8% of the company’s shares are short sold.

Nova LifeStyle Stock Performance

Shares of Nova LifeStyle stock traded down $0.03 on Friday, hitting $0.58. 4,634 shares of the company’s stock traded hands, compared to its average volume of 17,167. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.15 and a current ratio of 0.71. Nova LifeStyle has a one year low of $0.39 and a one year high of $4.42. The firm’s 50-day moving average price is $0.58 and its two-hundred day moving average price is $0.98.

Hedge Funds Weigh In On Nova LifeStyle

A hedge fund recently raised its stake in Nova LifeStyle stock. Geode Capital Management LLC lifted its position in shares of Nova LifeStyle, Inc. (NASDAQ:NVFY) by 380.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,325 shares of the company’s stock after buying an additional 46,178 shares during the quarter. Geode Capital Management LLC owned about 1.89% of Nova LifeStyle worth $39,000 as of its most recent SEC filing. Institutional investors and hedge funds own 27.21% of the company’s stock.

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.