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

Nova LifeStyle, Inc. (NASDAQ:NVFY) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 40,600 shares, a decrease of 19.3% from the January 15th total of 50,300 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 76,200 shares, the short-interest ratio is presently 0.5 days.

Nova LifeStyle Stock Down 4.1 %

Shares of NVFY traded down $0.03 during trading hours on Friday, hitting $0.58. The stock had a trading volume of 4,634 shares, compared to its average volume of 17,167. The company has a quick ratio of 0.15, a current ratio of 0.71 and a debt-to-equity ratio of 3.02. The company’s fifty day moving average is $0.58 and its two-hundred day moving average is $0.98. Nova LifeStyle has a 52 week low of $0.39 and a 52 week high of $4.42.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nova LifeStyle stock. Geode Capital Management LLC raised its holdings in Nova LifeStyle, Inc. (NASDAQ:NVFY) by 380.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,325 shares of the company’s stock after purchasing an additional 46,178 shares during the quarter. Geode Capital Management LLC owned approximately 1.89% of Nova LifeStyle worth $39,000 as of its most recent SEC filing. Institutional investors and hedge funds own 27.21% of the company’s stock.

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.