Nova LifeStyle, Inc. (NASDAQ:NVFY) Short Interest Up 50.5% in October

Nova LifeStyle, Inc. (NASDAQ:NVFY) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 16,700 shares, an increase of 50.5% from the October 15th total of 11,100 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 19,100 shares, the days-to-cover ratio is currently 0.9 days.

Nova LifeStyle Trading Down 8.0 %

NASDAQ NVFY traded down $0.06 on Friday, reaching $0.70. The company had a trading volume of 42,029 shares, compared to its average volume of 509,770. The company has a quick ratio of 0.39, a current ratio of 0.92 and a debt-to-equity ratio of 3.02. Nova LifeStyle has a 52 week low of $0.67 and a 52 week high of $6.38. The stock has a market cap of $2.16 million, a price-to-earnings ratio of -0.15 and a beta of 1.26. The stock’s 50 day moving average is $1.27 and its 200-day moving average is $1.54.

Nova LifeStyle (NASDAQ:NVFY) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.22) earnings per share for the quarter. The firm had revenue of $2.69 million during the quarter. Nova LifeStyle had a negative net margin of 81.41% and a negative return on equity of 718.36%.

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.