Nova Lifestyle Inc (NASDAQ:NVFY) saw a large decline in short interest in September. As of September 15th, there was short interest totalling 45,800 shares, a decline of 21.8% from the August 31st total of 58,600 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 60,000 shares, the days-to-cover ratio is presently 0.8 days.
NASDAQ NVFY traded down $0.03 on Thursday, hitting $1.62. The company had a trading volume of 11,814 shares, compared to its average volume of 55,556. The company has a market capitalization of $9.15 million, a PE ratio of 3.80 and a beta of 1.63. The company’s fifty day moving average price is $1.61 and its 200-day moving average price is $1.47. The company has a debt-to-equity ratio of 0.03, a current ratio of 34.69 and a quick ratio of 10.76. Nova Lifestyle has a 12-month low of $0.66 and a 12-month high of $3.40.
Nova Lifestyle (NASDAQ:NVFY) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.09) EPS for the quarter. The company had revenue of $2.30 million during the quarter. Nova Lifestyle had a negative return on equity of 9.35% and a negative net margin of 69.81%.
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.
Further Reading: Trade War
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