Nova Lifestyle Inc (NASDAQ:NVFY) last traded at $2.10 with shares with a low of $1.87 and high of $2.18. The swing identifies the stock as one of the most volatile of the day.
It is one of the market’s biggest gainers today.
Traders are a little more bullish on shares of the company recently as indicated by the fall in short interest. The firm had a fall in short interest between September 29, 2017 and October 13, 2017 of -1.81%. Short shares fell from 501,150 to 492,085 over that period. With short interest at 492,085 and short average daily volume at 53,243, days to cover is 9.0 and the short interest percentage is 0.02% as of October 13.
Earnings Per Share
The P/E ratio is currently 78.74 and market cap is 57.51M. In the latest earnings report the EPS was $0.03 with 27.38M shares currently outstanding.
Nova LifeStyle, Inc., launched on October 9, 2009, is a manufacturer of contemporary styled residential furniture incorporated into a marketing and sales platform offering retail, as well as online selection. The Company operates through the design, manufacture and sale of furniture segment. The Company monitors trending and work to create design elements that are then integrated into its product lines that can be used as standalone, as well as whole room and home furnishing solutions. Through its global network, the Company also sells (through a third-party manufacturing partner) a range of bedding foundation components. Its LifeStyle brand family includes Diamond Sofa (www.diamondsofa.com), Colorful World, Giorgio Mobili and Bright Swallow International Group Limited (Bright Swallow). The Business’s customers principally consist of distributors and retailers having a specific geographic coverage that deploy middle to high-end private label home furnishings..