NOVONIX Limited (OTCMKTS:NVNXF – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 228,099 shares, an increase of 65.0% from the July 15th total of 138,280 shares. Based on an average trading volume of 97,418 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.1% of the company’s stock are sold short.
NOVONIX Stock Performance
Shares of NVNXF traded down $0.00 during mid-day trading on Monday, reaching $0.10. 43,625 shares of the stock traded hands, compared to its average volume of 91,845. The stock has a fifty day simple moving average of $0.12 and a 200 day simple moving average of $0.17. NOVONIX has a 12-month low of $0.08 and a 12-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.
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.
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