Short Interest in Nova LifeStyle, Inc. (NASDAQ:NVFY) Decreases By 36.1%

Nova LifeStyle, Inc. (NASDAQ:NVFY) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 8,500 shares, a drop of 36.1% from the August 15th total of 13,300 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 115,500 shares, the days-to-cover ratio is presently 0.1 days.

Nova LifeStyle Stock Performance

NASDAQ:NVFY opened at $2.44 on Friday. The business’s 50-day moving average price is $2.55 and its two-hundred day moving average price is $2.78. Nova LifeStyle has a twelve month low of $1.83 and a twelve month high of $6.85. The company has a quick ratio of 0.86, a current ratio of 1.83 and a debt-to-equity ratio of 0.03.

Nova LifeStyle (NASDAQ:NVFY) last released its quarterly earnings results on Monday, August 14th. The company reported ($0.37) earnings per share for the quarter. Nova LifeStyle had a negative net margin of 105.77% and a negative return on equity of 156.70%. The business had revenue of $4.46 million during the quarter.

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.