NOVONIX Limited (OTCMKTS:NVNXF – Get Free Report) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 494,329 shares, an increase of 728.0% from the May 31st total of 59,700 shares. Based on an average trading volume of 315,797 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.3% of the shares of the company are sold short.
NOVONIX Price Performance
NVNXF opened at $0.12 on Friday. The stock’s 50 day moving average price is $0.17 and its 200 day moving average price is $0.22. 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 $0.11 and a 12 month high of $0.87.
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.
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