Short Interest in NOVONIX Limited (OTCMKTS:NVNXF) Rises By 25.1%

NOVONIX Limited (OTCMKTS:NVNXF) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 1,702,700 shares, an increase of 25.1% from the January 15th total of 1,361,200 shares. Based on an average trading volume of 299,600 shares, the short-interest ratio is currently 5.7 days.

NOVONIX Price Performance

OTCMKTS:NVNXF traded down $0.02 during mid-day trading on Friday, hitting $0.35. 66,685 shares of the stock traded hands, compared to its average volume of 121,553. The business’s 50-day moving average price is $0.41 and its 200 day moving average price is $0.44. NOVONIX has a 12-month low of $0.23 and a 12-month high of $0.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 6.15 and a quick ratio of 5.94.

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.