Short Interest in NOVONIX Limited (OTCMKTS:NVNXF) Increases By 53.8%

NOVONIX Limited (OTCMKTS:NVNXF) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 69,534 shares, an increase of 53.8% from the January 29th total of 45,207 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 392,691 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 392,691 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

NOVONIX Trading Up 3.3%

Shares of NVNXF stock opened at $0.25 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.27. NOVONIX has a one year low of $0.18 and a one year high of $0.87. The company has a 50 day moving average price of $0.27 and a 200 day moving average price of $0.32.

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.