NOVONIX Limited (OTCMKTS:NVNXF) Stock Short Interest Drops 57.8%

NOVONIX Limited (OTCMKTS:NVNXF) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 252,159 shares, a drop of 57.8% from the September 15th total of 597,872 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 147,899 shares, the days-to-cover ratio is currently 1.7 days.

NOVONIX Stock Down 3.0%

NVNXF stock traded down $0.00 during trading on Tuesday, hitting $0.07. 82,095 shares of the stock traded hands, compared to its average volume of 98,411. NOVONIX has a one year low of $0.04 and a one year high of $0.83. The company has a 50 day simple moving average of $0.09 and a 200 day simple moving average of $0.13. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20.

NOVONIX Company Profile

NOVONIX Limited is an energy technology company focused on materials and technologies used in lithium-ion batteries. The company develops synthetic graphite anode materials, battery cell testing equipment and related battery research technologies for manufacturers and research institutions.

Its products and services include high-precision battery testing systems, battery research and development support, and synthetic graphite intended for use in lithium-ion battery anodes. NOVONIX has also pursued the development of cathode materials and other technologies designed to improve battery performance, durability and manufacturing efficiency.

Founded in Australia in 2012, NOVONIX has expanded its operations into North America, including research, product development and manufacturing activities in the United States.