NOVONIX Limited (OTCMKTS:NVNXF) Sees Large Drop in Short Interest

Key Points

• Short interest fell by 33.3% to 41,692 shares as of March 31, resulting in a very low short-interest ratio of 0.3 days based on average daily volume.
• NVNXF traded at $0.17 (down $0.03) with midday volume of 24,116 versus an average of 96,204, a 12‑month range of $0.14–$0.87, and 50/200‑day moving averages of $0.21/$0.29.
• NOVONIX develops and manufactures ultra‑high‑purity synthetic graphite for EV battery anodes and battery test systems, and reports modest liquidity and leverage metrics (quick ratio 1.04, current ratio 1.07, debt-to-equity 0.23).

NOVONIX Limited (OTCMKTS:NVNXF - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 41,692 shares, a decline of 33.3% from the March 15th total of 62,461 shares. Based on an average trading volume of 153,935 shares, the short-interest ratio is currently 0.3 days.

NOVONIX Price Performance

NVNXF stock traded down $0.03 during midday trading on Tuesday, hitting $0.17. The stock had a trading volume of 24,116 shares, compared to its average volume of 96,204. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.23. NOVONIX has a 12-month low of $0.14 and a 12-month high of $0.87. The company's 50-day moving average price is $0.21 and its 200 day moving average price is $0.29.

About NOVONIX

NOVONIX is a Canada-based company that develops and manufactures advanced materials, equipment and services for the lithium-ion battery market. The company's core business activities center on the production of ultra-high-purity synthetic graphite used in the anodes of electric vehicle (EV) batteries, as well as the design and fabrication of battery test systems. NOVONIX's proprietary graphite purification technology aims to meet the stringent requirements of global automotive OEMs and battery manufacturers seeking improved energy density, cycle life and fast‐charging performance.

In addition to material production, NOVONIX offers an integrated suite of battery testing products and laboratory services.

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