NOVONIX Limited (OTCMKTS:NVNXF) Short Interest Up 18.6% in February

NOVONIX Limited (OTCMKTS:NVNXF) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 82,484 shares, an increase of 18.6% from the February 12th total of 69,534 shares. Based on an average daily trading volume, of 205,268 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 205,268 shares, the short-interest ratio is currently 0.4 days.

NOVONIX Trading Down 0.5%

Shares of NVNXF stock traded down $0.00 on Monday, hitting $0.20. The stock had a trading volume of 38,447 shares, compared to its average volume of 109,237. The company’s 50 day moving average price is $0.26 and its 200-day moving average price is $0.32. NOVONIX has a 1 year low of $0.17 and a 1 year high of $0.87. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.07 and a quick ratio of 1.04.

NOVONIX Company Profile

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.