NOVONIX Limited (NASDAQ:NVX – Get Free Report) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 120,600 shares, an increase of 81.4% from the October 15th total of 66,500 shares. Based on an average daily trading volume, of 44,400 shares, the short-interest ratio is presently 2.7 days.
Institutional Trading of NOVONIX
An institutional investor recently raised its position in NOVONIX stock. Virtu Financial LLC grew its position in shares of NOVONIX Limited (NASDAQ:NVX – Free Report) by 82.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,563 shares of the company’s stock after purchasing an additional 11,992 shares during the period. Virtu Financial LLC’s holdings in NOVONIX were worth $61,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.06% of the company’s stock.
NOVONIX Trading Down 2.3 %
Shares of NASDAQ:NVX traded down $0.05 during trading on Wednesday, hitting $2.14. 30,603 shares of the stock were exchanged, compared to its average volume of 60,129. The company has a debt-to-equity ratio of 0.44, a current ratio of 6.15 and a quick ratio of 5.94. The company has a fifty day moving average price of $1.85 and a two-hundred day moving average price of $1.88. NOVONIX has a 12-month low of $1.40 and a 12-month high of $3.10.
NOVONIX Company Profile
NOVONIX Limited provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America, Asia, Australia, and Europe. It operates through Battery Materials and Battery Technology segments.
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