NOVONIX Limited (OTCMKTS:NVNXF) Short Interest Update

NOVONIX Limited (OTCMKTS:NVNXF) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 59,700 shares, an increase of 118.8% from the May 14th total of 27,284 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 139,521 shares, the short-interest ratio is presently 0.4 days.

NOVONIX Stock Performance

NVNXF stock opened at $0.17 on Friday. The firm has a 50-day simple moving average of $0.18 and a 200-day simple moving average of $0.23. 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 has a 52 week low of $0.14 and a 52 week high of $0.87.

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.