Short Interest in NOVONIX Limited (OTCMKTS:NVNXF) Declines By 34.0%

NOVONIX Limited (OTCMKTS:NVNXF) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 43,497 shares, a decline of 34.0% from the December 31st total of 65,887 shares. Based on an average daily trading volume, of 135,065 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 135,065 shares, the days-to-cover ratio is currently 0.3 days.

NOVONIX Trading Up 7.6%

OTCMKTS:NVNXF opened at $0.27 on Friday. The business’s 50 day moving average is $0.29 and its two-hundred day moving average is $0.34. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.27. NOVONIX has a 52 week low of $0.18 and a 52 week high of $0.87.

About NOVONIX

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.