NOVONIX Limited Sponsored ADR (NASDAQ:NVX) Short Interest Up 39.0% in August

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.

NOVONIX Limited Sponsored ADR (NASDAQ:NVX - ) was the recipient of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 404,200 shares, anincreaseof39.0% from the July 31st total of 290,800 shares. Based on an average daily trading volume, of 194,000 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily trading volume, of 194,000 shares, the days-to-cover ratio is currently 2.1 days.

NOVONIX Stock Down 3.8%

NVX stock traded down $0.05 on Monday, hitting $1.27. The company had a trading volume of 136,695 shares, compared to its average volume of 151,414. NOVONIX has a 12-month low of $0.81 and a 12-month high of $2.73. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.29. The stock's 50-day simple moving average is $1.31 and its 200 day simple moving average is $1.21.

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.

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