Short Interest in Nova LifeStyle, Inc. (NASDAQ:NVFY) Rises By 2,466.7%

Nova LifeStyle, Inc. (NASDAQ:NVFY) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 38,500 shares, an increase of 2,466.7% from the December 31st total of 1,500 shares. Based on an average daily trading volume, of 76,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.7% of the shares of the company are short sold.

Nova LifeStyle Price Performance

Shares of NVFY stock traded up $0.03 during mid-day trading on Tuesday, hitting $0.61. 4,553 shares of the stock were exchanged, compared to its average volume of 32,877. The company has a quick ratio of 0.15, a current ratio of 0.71 and a debt-to-equity ratio of 3.02. The company has a market cap of $1.88 million, a PE ratio of -0.14 and a beta of 1.04. The firm has a fifty day moving average of $0.55 and a 200 day moving average of $1.08. Nova LifeStyle has a 52-week low of $0.39 and a 52-week high of $4.42.

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.