NOVONIX Limited (OTCMKTS:NVNXF) Short Interest Update

NOVONIX Limited (OTCMKTS:NVNXF) experienced a notable increase in short interest during January 2023. As of January 31st, the total short interest reached 1,702,700 shares, marking a substantial rise of 25.1% from the previous figure of 1,361,200 shares reported on January 15th. The short-interest ratio, based on an average trading volume of 299,600 shares, currently stands at 5.7 days, indicating a growing interest in short positions against the stock.

NOVONIX Stock Performance

On the trading day prior, shares of NVNXF declined by 4.2%, closing at $0.35. It recorded a trading volume of 66,685 shares, relatively lower than its average volume of 121,553 shares. The company maintains a debt-to-equity ratio of 0.44, along with a quick ratio of 5.94 and a current ratio of 6.15. As for stock pricing, NOVONIX has a 50-day moving average of $0.41 and a 200-day moving average of $0.44, with its twelve-month stock range being a low of $0.23 and a high of $0.79.

NOVONIX Company Overview

NOVONIX Limited specializes in providing battery materials and development technology targeted towards battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers across North America, Asia, Australia, and Europe. The company operates through two segments: Battery Materials and Battery Technology.

Investing Considerations

For investors considering NOVONIX, it is essential to keep an eye on market movements and analyst ratings. Currently, analysts have rated NOVONIX as a "Hold," suggesting that investors should watch the stock carefully before making decisions. Looking into other potential investments might be worthwhile, as there are analysts pointing towards various stocks that could be better options at this time.

NOVONIX, Stock, Interest