NOVONIX Limited (OTCMKTS:NVNXF – Get Free Report) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 148,955 shares, a decrease of 34.7% from the July 30th total of 228,099 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 55,272 shares, the days-to-cover ratio is currently 2.7 days.
NOVONIX Price Performance
Shares of OTCMKTS:NVNXF opened at $0.08 on Wednesday. The company’s fifty day moving average is $0.11 and its two-hundred day moving average is $0.16. 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 has a 12-month low of $0.08 and a 12-month high of $0.87.
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.
See Also
- Five stocks we like better than NOVONIX
- Ulta Beauty’s Earnings Beat Was Stronger Than the Stock’s Reaction
- Bancorp’s Fintech Comeback Gains Momentum
- What Does Apple’s TV Price Hike Say About Where the Stock Is Heading?
- Will the Most Successful Quantum Firms Be Software Companies?
Receive News & Ratings for NOVONIX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NOVONIX and related companies with MarketBeat.com's FREE daily email newsletter.
