NOVONIX Limited (OTCMKTS:NVNXF – Get Free Report) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 59,700 shares, an increase of 118.8% from the May 14th total of 27,284 shares. Based on an average trading volume of 139,521 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.
NOVONIX Stock Performance
OTCMKTS NVNXF opened at $0.17 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.07 and a quick ratio of 1.04. NOVONIX has a twelve month low of $0.14 and a twelve month high of $0.87. The business’s fifty day moving average is $0.18 and its 200 day moving average is $0.23.
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.
Featured Stories
- Five stocks we like better than NOVONIX
- Qualcomm Drops 25%, But Investor Day Could Reverse the Slide
- Meta to Follow Alphabet’s Footsteps? What an Equity Raise Could Mean
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
Receive News & Ratings for NOVONIX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NOVONIX and related companies with MarketBeat.com's FREE daily email newsletter.
