NOVONIX Limited (OTCMKTS:NVNXF) Sees Large Drop in Short Interest

NOVONIX Limited (OTCMKTS:NVNXF) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 62,461 shares, a decrease of 24.3% from the February 26th total of 82,484 shares. Based on an average daily trading volume, of 153,281 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

NOVONIX Price Performance

OTCMKTS NVNXF opened at $0.17 on Monday. NOVONIX has a fifty-two week low of $0.15 and a fifty-two week high of $0.87. The business has a fifty day moving average of $0.23 and a 200-day moving average of $0.31. 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.