Short Interest in Nova LifeStyle, Inc. (NASDAQ:NVFY) Decreases By 92.5%

Nova LifeStyle, Inc. (NASDAQ:NVFY) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 18,700 shares, a decrease of 92.5% from the March 31st total of 250,200 shares. Currently, 2.1% of the company’s stock are short sold. Based on an average daily volume of 1,670,000 shares, the days-to-cover ratio is presently 0.0 days.

Nova LifeStyle Stock Up 0.7 %

NASDAQ:NVFY traded up $0.02 during trading hours on Thursday, reaching $2.70. 45,703 shares of the stock were exchanged, compared to its average volume of 1,373,578. Nova LifeStyle has a twelve month low of $1.45 and a twelve month high of $6.38. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.02 and a quick ratio of 0.42. The firm has a 50 day moving average of $2.23 and a 200 day moving average of $2.31. The stock has a market cap of $6.26 million, a PE ratio of -0.54 and a beta of 1.23.

Nova LifeStyle (NASDAQ:NVFY) last released its quarterly earnings results on Friday, April 12th. The company reported ($2.91) earnings per share for the quarter. The firm had revenue of $2.27 million for the quarter. Nova LifeStyle had a negative return on equity of 209.91% and a negative net margin of 69.67%.

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.