NOVONIX Limited (OTCMKTS:NVNXF) Short Interest Down 78.6% in June

NOVONIX Limited (OTCMKTS:NVNXF) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 105,623 shares, a decrease of 78.6% from the June 15th total of 494,329 shares. Based on an average daily trading volume, of 425,767 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

NOVONIX Price Performance

NOVONIX stock traded up $0.01 during mid-day trading on Friday, hitting $0.12. The company’s stock had a trading volume of 249,849 shares, compared to its average volume of 153,038. NOVONIX has a one year low of $0.08 and a one year high of $0.87. The company has a 50 day moving average of $0.15 and a 200-day moving average of $0.21. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.07.

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.