NOVONIX Limited (OTCMKTS:NVNXF) Sees Significant Increase in Short Interest

NOVONIX Limited (OTCMKTS:NVNXF) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 59,700 shares, a growth of 118.8% from the May 14th total of 27,284 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 139,521 shares, the days-to-cover ratio is currently 0.4 days.

NOVONIX Stock Performance

Shares of NVNXF traded down $0.00 during mid-day trading on Friday, hitting $0.17. 141,828 shares of the company’s stock were exchanged, compared to its average volume of 109,807. NOVONIX has a 52 week low of $0.14 and a 52 week high of $0.87. The company has a 50-day simple moving average of $0.18 and a 200 day simple moving average of $0.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.07 and a quick ratio of 1.04.

NOVONIX Company Profile

NOVONIX is a Canada-based company that develops and manufactures advanced materials, equipment and services for the lithium-ion battery market. The company’s core business activities center on the production of ultra-high-purity synthetic graphite used in the anodes of electric vehicle (EV) batteries, as well as the design and fabrication of battery test systems. NOVONIX’s proprietary graphite purification technology aims to meet the stringent requirements of global automotive OEMs and battery manufacturers seeking improved energy density, cycle life and fast‐charging performance.

In addition to material production, NOVONIX offers an integrated suite of battery testing products and laboratory services.