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Short Interest in NOVONIX Limited Sponsored ADR (NASDAQ:NVX) Expands By 39.0%

NOVONIX logo with Computer and Technology background

Key Points

  • NOVONIX Limited experienced a significant increase in short interest, rising by 39.0% in August, with a total of 404,200 shares shorted as of August 15th.
  • The stock price of NOVONIX fell by 3.8% to $1.27, with trading volumes below its average.
  • NOVONIX focuses on providing battery materials and development technology for various manufacturers across multiple regions including North America and Asia.
  • MarketBeat previews the top five stocks to own by November 1st.

NOVONIX Limited Sponsored ADR (NASDAQ:NVX - Get Free Report) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 404,200 shares, a growth of 39.0% from the July 31st total of 290,800 shares. Based on an average trading volume of 194,000 shares, the days-to-cover ratio is presently 2.1 days. Based on an average trading volume of 194,000 shares, the days-to-cover ratio is presently 2.1 days.

NOVONIX Price Performance

NVX stock traded down $0.01 during trading on Friday, hitting $1.26. 168,198 shares of the company traded hands, compared to its average volume of 130,472. NOVONIX has a 1 year low of $0.81 and a 1 year high of $2.73. The company has a 50-day moving average of $1.32 and a 200-day moving average of $1.21. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.29.

About NOVONIX

(Get Free Report)

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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