NOVONIX Limited (OTCMKTS:NVNXF) Short Interest Up 728.0% in June

NOVONIX Limited (OTCMKTS:NVNXF) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 494,329 shares, an increase of 728.0% from the May 31st total of 59,700 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 315,797 shares, the short-interest ratio is currently 1.6 days.

NOVONIX Stock Up 12.3%

Shares of NVNXF traded up $0.01 during mid-day trading on Friday, reaching $0.13. 76,686 shares of the company were exchanged, compared to its average volume of 192,628. The business has a 50 day simple moving average of $0.17 and a two-hundred day simple moving average of $0.22. 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 has a 52 week low of $0.11 and a 52 week high of $0.87.

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.