NOVONIX Limited (OTCMKTS:NVNXF) Short Interest Update

NOVONIX Limited (OTCMKTS:NVNXF) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 228,099 shares, a growth of 65.0% from the July 15th total of 138,280 shares. Based on an average trading volume of 97,418 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.1% of the shares of the stock are short sold.

NOVONIX Trading Down 4.1%

NVNXF opened at $0.10 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.23. NOVONIX has a 52 week low of $0.08 and a 52 week high of $0.87. The business’s fifty day simple moving average is $0.12 and its 200 day simple moving average is $0.17.

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.