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

Nova LifeStyle, Inc. (NASDAQ:NVFY) was the recipient of a significant 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. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 30,000 shares, the short-interest ratio is presently 0.2 days.

Nova LifeStyle Price Performance

Shares of Nova LifeStyle stock traded down $0.01 during midday trading on Friday, hitting $0.49. 33,010 shares of the company were exchanged, compared to its average volume of 493,044. The firm has a 50 day simple moving average of $1.10 and a 200-day simple moving average of $1.42. Nova LifeStyle has a 52 week low of $0.46 and a 52 week high of $6.38. The firm has a market cap of $1.51 million, a P/E ratio of -0.11 and a beta of 1.26. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.71 and a quick ratio of 0.15.

About Nova LifeStyle

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.