NOVONIX Limited (OTCMKTS:NVNXF) Sees Large Drop in Short Interest

NOVONIX Limited (OTCMKTS:NVNXF) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 252,159 shares, a decrease of 57.8% from the September 15th total of 597,872 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 147,899 shares, the days-to-cover ratio is currently 1.7 days.

NOVONIX Stock Performance

Shares of OTCMKTS NVNXF opened at $0.06 on Thursday. NOVONIX has a fifty-two week low of $0.04 and a fifty-two week high of $0.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.97. The business has a 50-day simple moving average of $0.08 and a two-hundred day simple moving average of $0.13.

NOVONIX Company Profile

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.