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

Nova LifeStyle, Inc. (NASDAQ:NVFY) was the target of 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. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 553,900 shares, the days-to-cover ratio is currently 0.0 days.

Nova LifeStyle Trading Up 19.8 %

Shares of NVFY opened at $0.72 on Thursday. The business’s 50-day moving average price is $0.58 and its 200 day moving average price is $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. The stock has a market capitalization of $2.22 million, a P/E 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.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nova LifeStyle stock. Geode Capital Management LLC increased its position in Nova LifeStyle, Inc. (NASDAQ:NVFY) by 380.2% in the fourth quarter, according to its most recent 13F filing with the SEC. 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 about 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.

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.