NOVONIX Limited (OTCMKTS:NVNXF) Short Interest Down 58.8% in April

NOVONIX Limited (OTCMKTS:NVNXF) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 28,269 shares, a decrease of 58.8% from the April 15th total of 68,625 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 102,142 shares, the short-interest ratio is currently 0.3 days.

NOVONIX Price Performance

OTCMKTS:NVNXF traded down $0.01 during trading hours on Friday, reaching $0.15. The company had a trading volume of 4,580 shares, compared to its average volume of 46,629. NOVONIX has a 1-year low of $0.14 and a 1-year high of $0.87. The business’s 50 day moving average price is $0.19 and its 200-day moving average price is $0.25. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23.

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.