NOVONIX Limited (OTCMKTS:NVNXF – Get Free Report) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 148,955 shares, a drop of 34.7% from the July 30th total of 228,099 shares. Based on an average daily trading volume, of 55,272 shares, the days-to-cover ratio is currently 2.7 days. Currently, 0.1% of the shares of the company are sold short.
NOVONIX Stock Down 20.0%
Shares of NVNXF opened at $0.08 on Tuesday. NOVONIX has a 1 year low of $0.08 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 stock’s fifty day moving average price is $0.11 and its two-hundred day moving average price is $0.16.
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.
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