Nova LifeStyle, Inc. (NASDAQ:NVFY – Get Free Report) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 5,100 shares, a decrease of 86.4% from the February 28th total of 37,400 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 553,900 shares, the days-to-cover ratio is currently 0.0 days.
Hedge Funds Weigh In On Nova LifeStyle
An institutional investor recently raised its position in Nova LifeStyle stock. Geode Capital Management LLC boosted its holdings in Nova LifeStyle, Inc. (NASDAQ:NVFY – Free Report) by 380.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 27.21% of the company’s stock.
Nova LifeStyle Stock Up 0.9 %
NASDAQ NVFY traded up $0.01 during mid-day trading on Friday, hitting $0.71. The company’s stock had a trading volume of 19,642 shares, compared to its average volume of 303,049. The firm has a market capitalization of $2.19 million, a price-to-earnings ratio of -0.16 and a beta of 0.96. The company’s 50 day simple moving average is $0.58 and its 200 day simple moving average 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. Nova LifeStyle has a twelve month low of $0.39 and a twelve month high of $3.73.
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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