NOVONIX Limited (OTCMKTS:NVNXF – Get Free Report) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 494,329 shares, an increase of 728.0% from the May 31st total of 59,700 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 315,797 shares, the short-interest ratio is presently 1.6 days.
NOVONIX Price Performance
Shares of OTCMKTS NVNXF opened at $0.13 on Friday. NOVONIX has a twelve month low of $0.11 and a twelve month 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. The company’s fifty day moving average is $0.17 and its 200-day moving average is $0.22.
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.
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