Short Interest in NOVONIX Limited (OTCMKTS:NVNXF) Drops By 78.6%

NOVONIX Limited (OTCMKTS:NVNXF) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 105,623 shares, a decline of 78.6% from the June 15th total of 494,329 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 425,767 shares, the days-to-cover ratio is presently 0.2 days.

NOVONIX Stock Up 13.1%

OTCMKTS NVNXF traded up $0.01 during trading on Friday, hitting $0.12. 249,849 shares of the stock traded hands, compared to its average volume of 153,038. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.07. NOVONIX has a 12-month low of $0.08 and a 12-month high of $0.87. The firm has a 50-day simple moving average of $0.15 and a 200-day simple moving average of $0.21.

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.