NOVONIX Limited (NASDAQ:NVX - Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totalling 447,600 shares, a decline of 14.6% from the April 30th total of 524,300 shares. Based on an average trading volume of 98,700 shares, the short-interest ratio is currently 4.5 days. Currently, 0.4% of the shares of the stock are short sold.
NOVONIX Price Performance
Shares of NOVONIX stock remained flat at $1.13 during trading hours on Friday. The stock had a trading volume of 53,236 shares, compared to its average volume of 113,382. The stock has a 50-day moving average price of $1.16 and a 200 day moving average price of $1.42. NOVONIX has a fifty-two week low of $0.81 and a fifty-two week high of $2.73. The company has a quick ratio of 5.94, a current ratio of 6.15 and a debt-to-equity ratio of 0.44.
Institutional Investors Weigh In On NOVONIX
A number of hedge funds have recently made changes to their positions in the company. Quinn Opportunity Partners LLC purchased a new stake in shares of NOVONIX in the fourth quarter worth about $99,000. Jackson Hole Capital Partners LLC purchased a new stake in shares of NOVONIX in the fourth quarter worth about $45,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of NOVONIX in the fourth quarter worth about $28,000. 0.06% of the stock is currently owned by hedge funds and other institutional investors.
About NOVONIX
(
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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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