NOVONIX Limited (NASDAQ:NVX – Get Free Report) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 353,800 shares, a decline of 29.8% from the February 13th total of 503,700 shares. Based on an average daily trading volume, of 212,200 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.3% of the shares of the stock are sold short.
NOVONIX Price Performance
NVX stock traded down $0.03 during trading on Friday, reaching $1.13. The company’s stock had a trading volume of 78,868 shares, compared to its average volume of 102,510. The company has a current ratio of 6.15, a quick ratio of 5.94 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average is $1.45 and its 200-day moving average is $1.71. NOVONIX has a 1 year low of $0.97 and a 1 year high of $3.10.
Institutional Trading of NOVONIX
Institutional investors have recently made changes to their positions in the business. Two Sigma Securities LLC bought a new position in shares of NOVONIX during the fourth quarter worth $28,000. Quinn Opportunity Partners LLC bought a new position in shares of NOVONIX during the 4th quarter valued at about $99,000. Jackson Hole Capital Partners LLC purchased a new position in shares of NOVONIX during the fourth quarter valued at about $45,000. Finally, Jane Street Group LLC increased its holdings in shares of NOVONIX by 103.5% in the third quarter. Jane Street Group LLC now owns 34,495 shares of the company’s stock worth $63,000 after purchasing an additional 17,541 shares during the last quarter. Hedge funds and other institutional investors own 0.06% of the company’s stock.
NOVONIX Company Profile
NOVONIX Limited provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America, Asia, Australia, and Europe. It operates through Battery Materials and Battery Technology segments.
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