NOVONIX Limited (OTCMKTS:NVNXF) Short Interest Update

NOVONIX Limited (OTCMKTS:NVNXF) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 69,534 shares, a growth of 53.8% from the January 29th total of 45,207 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 392,691 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 392,691 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

NOVONIX Stock Up 3.3%

Shares of NOVONIX stock opened at $0.25 on Friday. NOVONIX has a 1 year low of $0.18 and a 1 year 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. The business has a 50 day moving average price of $0.27 and a 200 day moving average price of $0.32.

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.