Is Buying NOVATION COMPANIES INCORPORATED (OTCMKTS:NOVCQ) Here Good Idea?

July 18, 2017 - By Adrian Erickson

The stock of NOVATION COMPANIES INCORPORATED (OTCMKTS:NOVCQ) registered a decrease of 16.86% in short interest. NOVCQ’s total short interest was 36,500 shares in July as published by FINRA. Its down 16.86% from 43,900 shares, reported previously. With 97,600 shares average volume, it will take short sellers 0 days to cover their NOVCQ’s short positions.

It closed at $0.12 lastly. It is down 0.00% since July 18, 2016 and is . It has underperformed by 16.70% the S&P500.

Novation Companies, Inc. is seeking to acquire operating businesses or make other investments. The company has market cap of $11.33 million. The Firm has not identified any specific acquisition targets. It has a 0.85 P/E ratio. The Firm owned Corvisa LLC , a developer and seller of cloud communication software under the CorvisaOne brand, telecommunications services, and implementation consulting services.

More notable recent Novation Companies Inc (OTCMKTS:NOVCQ) news were published by: Prweb.com which released: “NovaStar Financial, Inc. Changes Name to Novation Companies, Inc.” on May 24, 2012, also Globenewswire.com with their article: “Nevada Gold & Casinos Announces Board of Directors’ Expansion” published on August 15, 2016, Kansascity.com published: “Novation sells appraisal company StreetLinks to Assurant for $60 million” on April 17, 2014. More interesting news about Novation Companies Inc (OTCMKTS:NOVCQ) were released by: Prnewswire.com and their article: “Novation Companies, Inc. and Subsidiaries Commence Voluntary Chapter 11 …” published on July 20, 2016 as well as Kansascity.com‘s news article titled: “KC-based mortgage lender NovaStar agrees to $165 million settlement of class …” with publication date: March 15, 2017.

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