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

Nova LifeStyle, Inc. (NASDAQ:NVFY) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 5,100 shares, a drop of 86.4% from the February 28th total of 37,400 shares. Based on an average trading volume of 553,900 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of Nova LifeStyle

An institutional investor recently raised its position in Nova LifeStyle stock. Geode Capital Management LLC raised its position in Nova LifeStyle, Inc. (NASDAQ:NVFY) by 380.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 58,325 shares of the company’s stock after purchasing an additional 46,178 shares during the period. Geode Capital Management LLC owned about 1.89% of Nova LifeStyle worth $39,000 at the end of the most recent reporting period. 27.21% of the stock is currently owned by institutional investors.

Nova LifeStyle Stock Performance

Shares of NASDAQ:NVFY traded up $0.12 during midday trading on Wednesday, hitting $0.72. The stock had a trading volume of 197,646 shares, compared to its average volume of 303,946. The company has a market capitalization of $2.22 million, a PE ratio of -0.16 and a beta of 0.96. Nova LifeStyle has a 1 year low of $0.39 and a 1 year high of $3.73. The stock has a 50 day moving average price of $0.58 and a two-hundred day moving average price of $0.81. The company has a current ratio of 0.71, a quick ratio of 0.15 and a debt-to-equity ratio of 3.02.

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.