Short Interest in NOVONIX Limited (OTCMKTS:NVNXF) Grows By 18.6%

NOVONIX Limited (OTCMKTS:NVNXF) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 82,484 shares, an increase of 18.6% from the February 12th total of 69,534 shares. Based on an average daily volume of 205,268 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 205,268 shares, the short-interest ratio is presently 0.4 days.

NOVONIX Trading Down 0.5%

NVNXF stock opened at $0.20 on Tuesday. The firm has a 50 day simple moving average of $0.26 and a 200-day simple moving average of $0.32. 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 has a twelve month low of $0.17 and a twelve month high of $0.87.

About NOVONIX

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.