NOVONIX Limited (OTCMKTS:NVNXF – Get Free Report) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 105,623 shares, a drop of 78.6% from the June 15th total of 494,329 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 425,767 shares, the days-to-cover ratio is currently 0.2 days.
NOVONIX Trading Up 13.1%
Shares of NOVONIX stock traded up $0.01 during trading hours on Friday, reaching $0.12. The stock had a trading volume of 249,849 shares, compared to its average volume of 158,439. The stock’s 50 day moving average is $0.15 and its 200 day moving average is $0.21. NOVONIX has a twelve month low of $0.08 and a twelve month high of $0.87. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23.
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.
Featured Stories
- Five stocks we like better than NOVONIX
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
Receive News & Ratings for NOVONIX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NOVONIX and related companies with MarketBeat.com's FREE daily email newsletter.
