Short Interest in Nova LifeStyle, Inc. (NASDAQ:NVFY) Expands By 74.8%

Nova LifeStyle, Inc. (NASDAQ:NVFY) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 37,400 shares, an increase of 74.8% from the February 13th total of 21,400 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 56,400 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of Nova LifeStyle

An institutional investor recently raised its position in Nova LifeStyle stock. Geode Capital Management LLC boosted its position in shares of Nova LifeStyle, Inc. (NASDAQ:NVFY) by 380.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,325 shares of the company’s stock after acquiring an additional 46,178 shares during the period. Geode Capital Management LLC owned 1.89% of Nova LifeStyle worth $39,000 at the end of the most recent quarter. 27.21% of the stock is currently owned by institutional investors.

Nova LifeStyle Stock Down 8.0 %

Shares of NASDAQ NVFY traded down $0.04 during mid-day trading on Friday, reaching $0.41. 52,859 shares of the company traded hands, compared to its average volume of 465,160. The company’s fifty day moving average is $0.59 and its two-hundred day moving average is $0.86. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.15 and a current ratio of 0.71. Nova LifeStyle has a fifty-two week low of $0.39 and a fifty-two week high of $4.42. The stock has a market cap of $1.27 million, a PE ratio of -0.09 and a beta of 0.96.

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.