Short-term stake in Novation Companies, Inc. (OTCMKTS:NOVC) increases 33.3%

Novation Companies, Inc. (OTCMKTS: NOVCGet a rating) benefited from significant growth in short-term interest during the month of May. As of May 15, there were short interests totaling 4,000 shares, a growth of 33.3% from the total of 3,000 shares as of April 30. Based on an average daily trading volume of 173,500 shares, the day-to-cover ratio is currently 0.0 day.

Shares of Novation Companies Shares opened at $0.02 on Tuesday. The stock has a market capitalization of $1.93 million, a price-earnings ratio of -0.43 and a beta of 1.01. Novation Companies has a 1-year low of $0.01 and a 1-year high of $0.11. The company’s 50-day moving average price is $0.03 and its two-hundred-day moving average price is $0.04.

About Novation Companies (Get a rating)

Novation Companies, Inc, through its subsidiary, Healthcare Staffing, Inc, provides outsourced healthcare staffing and related services in Georgia. It also offers its services to hospitals, schools, crisis cells, clinics, medical offices, prisons and various private companies. The company was previously known as NovaStar Financial, Inc and changed its name to Novation Companies, Inc in May 2012.

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