Short Interest in NOVONIX Limited Sponsored ADR (NASDAQ:NVX) Declines By 37.1%

Key Points

• NOVONIX Limited experienced a significant decline in short interest, dropping by 37.1% in August, resulting in a total of 254,100 shares sold short as of August 31st.
• The company's stock is currently trading at $1.23, with a trading volume of 275,468 shares, surpassing its average volume of 151,631 shares.
• NOVONIX provides battery materials and technology solutions for various industries, including automotive and consumer electronics, operating across multiple regions globally.

NOVONIX Limited Sponsored ADR (NASDAQ:NVX - Get Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 254,100 shares, a drop of 37.1% from the August 15th total of 404,200 shares. Based on an average trading volume of 198,300 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.2% of the company's stock are short sold. Currently, 0.2% of the company's stock are short sold. Based on an average trading volume of 198,300 shares, the days-to-cover ratio is presently 1.3 days.

NOVONIX Price Performance

NASDAQ NVX traded down $0.03 during trading on Friday, reaching $1.29. The company's stock had a trading volume of 141,203 shares, compared to its average volume of 140,975. The company has a current ratio of 0.93, a quick ratio of 1.21 and a debt-to-equity ratio of 0.27. NOVONIX has a twelve month low of $0.81 and a twelve month high of $2.73. The business's fifty day moving average price is $1.34 and its 200-day moving average price 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.