Short Interest in NOVONIX Limited (OTCMKTS:NVNXF) Drops By 34.7%

NOVONIX Limited (OTCMKTS:NVNXF) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 148,955 shares, a decline of 34.7% from the July 30th total of 228,099 shares. Based on an average trading volume of 55,272 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.1% of the shares of the company are sold short.

NOVONIX Price Performance

NOVONIX stock opened at $0.08 on Tuesday. NOVONIX has a one year low of $0.08 and a one year high of $0.87. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average price of $0.11 and a 200-day moving average price of $0.16.

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.