NOVONIX Limited (NASDAQ:NVX) Short Interest Update

NOVONIX Limited (NASDAQ:NVX) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 360,000 shares, a growth of 36.1% from the December 15th total of 264,600 shares. Based on an average daily volume of 162,300 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NOVONIX stock. Jane Street Group LLC lifted its position in NOVONIX Limited (NASDAQ:NVX) by 103.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,495 shares of the company’s stock after buying an additional 17,541 shares during the quarter. Jane Street Group LLC’s holdings in NOVONIX were worth $63,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.06% of the company’s stock.

NOVONIX Price Performance

Shares of NOVONIX stock traded down $0.08 on Thursday, hitting $1.73. 179,457 shares of the company traded hands, compared to its average volume of 169,664. NOVONIX has a 12-month low of $1.40 and a 12-month high of $3.10. The company has a current ratio of 6.15, a quick ratio of 5.94 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $1.89 and a 200 day moving average price of $1.81.

About NOVONIX

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.