Short Interest in NOVONIX Limited (OTCMKTS:NVNXF) Declines By 34.0%

NOVONIX Limited (OTCMKTS:NVNXF) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 43,497 shares, a decrease of 34.0% from the December 31st total of 65,887 shares. Based on an average daily trading volume, of 135,065 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 135,065 shares, the short-interest ratio is presently 0.3 days.

NOVONIX Stock Up 7.6%

Shares of NVNXF stock opened at $0.27 on Friday. The business has a 50 day moving average of $0.29 and a two-hundred day moving average of $0.34. NOVONIX has a 52 week low of $0.18 and a 52 week high of $0.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.90 and a current ratio of 0.93.

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.