NOVONIX Limited (OTCMKTS:NVNXF) Sees Large Decline in Short Interest

NOVONIX Limited (OTCMKTS:NVNXF) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totaling 41,692 shares, a drop of 33.3% from the March 15th total of 62,461 shares. Based on an average daily trading volume, of 153,935 shares, the days-to-cover ratio is presently 0.3 days.

NOVONIX Stock Performance

NOVONIX stock opened at $0.20 on Thursday. 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 12-month low of $0.14 and a 12-month high of $0.87. The business’s 50-day moving average price is $0.21 and its two-hundred day moving average price is $0.29.

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.