NOVONIX Limited (NASDAQ:NVX) Short Interest Up 211.1% in November

NOVONIX Limited (NASDAQ:NVX) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 243,600 shares, a growth of 211.1% from the November 15th total of 78,300 shares. Based on an average daily volume of 74,900 shares, the short-interest ratio is currently 3.3 days.

NOVONIX Price Performance

Shares of NASDAQ NVX remained flat at $1.61 during midday trading on Thursday. 100,489 shares of the stock were exchanged, compared to its average volume of 66,134. The company has a debt-to-equity ratio of 0.44, a current ratio of 6.15 and a quick ratio of 5.94. The firm has a fifty day moving average price of $2.01 and a 200-day moving average price of $1.83. NOVONIX has a twelve month low of $1.40 and a twelve month high of $3.10.

Hedge Funds Weigh In On NOVONIX

A hedge fund recently raised its stake in NOVONIX stock. Jane Street Group LLC lifted its stake in shares of NOVONIX Limited (NASDAQ:NVX) by 103.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,495 shares of the company’s stock after acquiring an additional 17,541 shares during the period. Jane Street Group LLC’s holdings in NOVONIX were worth $63,000 as of its most recent filing with the Securities & Exchange Commission. 0.06% of the stock is owned by hedge funds and other institutional investors.

About NOVONIX

NOVONIX Limited provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America, Asia, Australia, and Europe. It operates through Battery Materials and Battery Technology segments.