NOVONIX Limited (OTCMKTS:NVNXF) Short Interest Update

NOVONIX Limited (OTCMKTS:NVNXF) saw a large decrease in short interest in 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 102,142 shares, the days-to-cover ratio is presently 0.3 days.

NOVONIX Price Performance

OTCMKTS NVNXF traded down $0.01 during trading hours on Friday, reaching $0.15. The company’s stock had a trading volume of 4,580 shares, compared to its average volume of 83,214. NOVONIX has a 1-year low of $0.14 and a 1-year high of $0.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.07. The company’s 50-day moving average is $0.19 and its two-hundred day moving average is $0.25.

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.