Nova LifeStyle, Inc. (NASDAQ:NVFY) Short Interest Update

Nova LifeStyle, Inc. (NASDAQ:NVFY) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 367,000 shares, a growth of 7,096.1% from the March 15th total of 5,100 shares. Based on an average trading volume of 529,400 shares, the days-to-cover ratio is presently 0.7 days. Currently, 14.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nova LifeStyle stock. Geode Capital Management LLC grew its stake in shares of Nova LifeStyle, Inc. (NASDAQ:NVFY) by 380.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,325 shares of the company’s stock after purchasing an additional 46,178 shares during the period. Geode Capital Management LLC owned approximately 1.89% of Nova LifeStyle worth $39,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 27.21% of the company’s stock.

Nova LifeStyle Price Performance

Shares of NVFY opened at $0.71 on Tuesday. The firm has a fifty day moving average price of $0.59 and a 200 day moving average price of $0.73. Nova LifeStyle has a 1-year low of $0.39 and a 1-year high of $3.73. The stock has a market cap of $9.36 million, a PE ratio of -0.16 and a beta of 0.65. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.71 and a quick ratio of 0.15.

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.