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

NOVONIX Limited (OTCMKTS:NVNXF) was the target of a large drop in short interest in 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. Based on an average trading volume of 425,767 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

NOVONIX Trading Down 18.0%

NVNXF traded down $0.02 on Monday, hitting $0.10. The company had a trading volume of 76,162 shares, compared to its average volume of 100,339. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.23. The company’s fifty day moving average price is $0.15 and its 200 day moving average price is $0.21. NOVONIX has a 1-year low of $0.08 and a 1-year 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.