NOVONIX Limited (OTCMKTS:NVNXF) Short Interest Up 65.0% in July

NOVONIX Limited (OTCMKTS:NVNXF) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 228,099 shares, a growth of 65.0% from the July 15th total of 138,280 shares. Based on an average trading volume of 97,418 shares, the short-interest ratio is currently 2.3 days. Currently, 0.1% of the company’s shares are sold short.

NOVONIX Trading Down 4.1%

OTCMKTS:NVNXF traded down $0.00 on Tuesday, reaching $0.10. 76,975 shares of the stock traded hands, compared to its average volume of 91,575. 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 1-year low of $0.08 and a 1-year high of $0.87. The company’s 50 day moving average is $0.12 and its 200-day moving average is $0.17.

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.