Nova Lifestyle, Inc (NASDAQ:NVFY) Short Interest Up 321.8% in August
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Nova Lifestyle, Inc (NASDAQ:NVFY) experienced a significant increase in short interest in August, rising 321.8% to 525,100 shares as of August 31. This represents 3.9% of the company's shares sold short, with a short-interest ratio of 0.7 days based on an average trading volume of 737,400 shares. The stock opened at $4.95, with a 52-week range of $0.38 to $5.93. Analysts have upgraded the stock to a "hold" rating, despite a reported loss of $0.02 earnings per share for the last quarter.
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