Nova Lifestyle Inc (NASDAQ:NVFY) Sees Large Growth in Short Interest

Nova Lifestyle Inc (NASDAQ:NVFY) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 433,100 shares, an increase of 139.5% from the July 31st total of 180,800 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average trading volume of 47,500 shares, the short-interest ratio is presently 9.1 days.

Shares of NASDAQ:NVFY remained flat at $$0.71 during trading on Wednesday. The company had a trading volume of 25,058 shares, compared to its average volume of 40,781. The company has a debt-to-equity ratio of 0.03, a quick ratio of 56.55 and a current ratio of 61.44. Nova Lifestyle has a 12-month low of $0.41 and a 12-month high of $1.82. The firm has a 50-day moving average of $0.75 and a 200-day moving average of $0.79. The firm has a market capitalization of $19.99 million, a P/E ratio of 2.76 and a beta of 2.51.

About Nova Lifestyle

Nova LifeStyle, Inc, together with 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 residential furniture for the living rooms, dining rooms, bedrooms, and home offices.

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