Nova LifeStyle, Inc. (NASDAQ:NVFY – Get Free Report) was the recipient of a large increase in short interest in the month of 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. Based on an average daily volume of 56,400 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.7% of the shares of the company are short sold.
Nova LifeStyle Stock Performance
Nova LifeStyle stock traded down $0.04 during mid-day trading on Friday, reaching $0.41. 52,859 shares of the company were exchanged, compared to its average volume of 465,160. 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 firm has a market cap of $1.27 million, a PE ratio of -0.09 and a beta of 0.96. Nova LifeStyle has a twelve month low of $0.39 and a twelve month high of $4.42. The firm’s 50-day simple moving average is $0.59 and its two-hundred day simple moving average is $0.86.
Institutional Trading of Nova LifeStyle
An institutional investor recently raised its position in Nova LifeStyle stock. Geode Capital Management LLC increased its holdings in shares of Nova LifeStyle, Inc. (NASDAQ:NVFY – Free Report) by 380.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,325 shares of the company’s stock after purchasing an additional 46,178 shares during the period. Geode Capital Management LLC owned 1.89% of Nova LifeStyle worth $39,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 27.21% of the company’s stock.
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.
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