NOVONIX Limited (OTCMKTS:NVNXF – Get Free Report) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 62,461 shares, a drop of 24.3% from the February 26th total of 82,484 shares. Based on an average daily trading volume, of 153,281 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold.
NOVONIX Trading Down 9.0%
Shares of OTCMKTS:NVNXF opened at $0.17 on Friday. The business has a 50-day moving average of $0.23 and a two-hundred day moving average of $0.31. NOVONIX has a fifty-two week low of $0.15 and a fifty-two week high of $0.87. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.23.
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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