Short Interest in NOVONIX Limited (OTCMKTS:NVNXF) Drops By 16.7%

NOVONIX Limited (OTCMKTS:NVNXF) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,228,200 shares, a decrease of 16.7% from the March 31st total of 1,474,300 shares. Based on an average daily trading volume, of 160,500 shares, the short-interest ratio is presently 7.7 days.

NOVONIX Stock Performance

NVNXF stock opened at $0.60 on Tuesday. The stock has a fifty day moving average of $0.61 and a 200-day moving average of $0.50. NOVONIX has a fifty-two week low of $0.32 and a fifty-two week high of $0.85. The company has a current ratio of 11.37, a quick ratio of 11.12 and a debt-to-equity ratio of 0.37.

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.