NOVONIX Limited (OTCMKTS:NVNXF) Stock Short Interest Declines 57.8%

NOVONIX Limited (OTCMKTS:NVNXF) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 252,159 shares, a drop of 57.8% from the September 15th total of 597,872 shares. Based on an average daily volume of 147,899 shares, the short-interest ratio is currently 1.7 days. Approximately 0.1% of the shares of the stock are sold short.

NOVONIX Stock Down 13.1%

Shares of NVNXF stock opened at $0.07 on Wednesday. The stock has a fifty day moving average price of $0.08 and a 200 day moving average price of $0.13. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.20. NOVONIX has a 1 year low of $0.04 and a 1 year high of $0.75.

About NOVONIX

NOVONIX Limited is an energy technology company focused on materials and technologies used in lithium-ion batteries. The company develops synthetic graphite anode materials, battery cell testing equipment and related battery research technologies for manufacturers and research institutions.

Its products and services include high-precision battery testing systems, battery research and development support, and synthetic graphite intended for use in lithium-ion battery anodes. NOVONIX has also pursued the development of cathode materials and other technologies designed to improve battery performance, durability and manufacturing efficiency.

Founded in Australia in 2012, NOVONIX has expanded its operations into North America, including research, product development and manufacturing activities in the United States.