NOVONIX Limited (OTCMKTS:NVNXF – Get Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 252,159 shares, a decline of 57.8% from the September 15th total of 597,872 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 147,899 shares, the days-to-cover ratio is currently 1.7 days.
NOVONIX Trading Down 3.0%
Shares of NVNXF stock traded down $0.00 during trading hours on Tuesday, hitting $0.07. The company had a trading volume of 82,095 shares, compared to its average volume of 98,411. NOVONIX has a 12 month low of $0.04 and a 12 month high of $0.83. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $0.09 and its 200 day moving average is $0.13.
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.
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