NOVONIX Limited (OTCMKTS:NVNXF) Short Interest Update

NOVONIX Limited (OTCMKTS:NVNXF) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 68,625 shares, a growth of 64.6% from the March 31st total of 41,692 shares. Based on an average daily volume of 80,605 shares, the short-interest ratio is presently 0.9 days.

NOVONIX Price Performance

NVNXF traded up $0.01 during midday trading on Wednesday, reaching $0.18. 3,995 shares of the company’s stock traded hands, compared to its average volume of 88,970. The firm has a fifty day moving average of $0.20 and a two-hundred day moving average of $0.28. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23. NOVONIX has a 52 week low of $0.14 and a 52 week 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.