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

NOVONIX Limited (OTCMKTS:NVNXF) was the target of a significant increase in short interest during 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. Based on an average daily volume of 315,797 shares, the short-interest ratio is presently 1.6 days. Approximately 0.3% of the company’s shares are sold short.

NOVONIX Stock Down 14.0%

NOVONIX stock opened at $0.12 on Friday. The firm’s 50 day simple moving average is $0.17 and its 200-day simple moving average is $0.22. NOVONIX has a fifty-two week low of $0.11 and a fifty-two week high of $0.87. 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 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.