NOVONIX Limited (OTCMKTS:NVNXF – Get Free Report) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 148,955 shares, a drop of 34.7% from the July 30th total of 228,099 shares. Based on an average trading volume of 55,272 shares, the short-interest ratio is currently 2.7 days. Currently, 0.1% of the company’s shares are sold short.
NOVONIX Stock Down 9.1%
Shares of OTCMKTS:NVNXF opened at $0.07 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.07 and a quick ratio of 1.04. The business’s 50-day moving average is $0.11 and its 200-day moving average is $0.16. NOVONIX has a 1 year low of $0.07 and a 1 year high of $0.87.
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.
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