Nova LifeStyle, Inc. (NASDAQ:NVFY) Short Interest Down 26.5% in November

Nova LifeStyle, Inc. (NASDAQ:NVFY) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 5,000 shares, a decline of 26.5% from the November 15th total of 6,800 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 40,100 shares, the days-to-cover ratio is presently 0.1 days.

Nova LifeStyle Price Performance

Shares of NVFY traded down $0.04 during mid-day trading on Friday, hitting $0.40. 36,734 shares of the stock were exchanged, compared to its average volume of 476,021. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.15 and a current ratio of 0.71. The company has a market cap of $1.24 million, a PE ratio of -0.10 and a beta of 1.11. Nova LifeStyle has a 52-week low of $0.39 and a 52-week high of $6.38. The firm has a 50-day moving average of $0.92 and a two-hundred day moving average of $1.33.

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.