NOVONIX Limited (OTCMKTS:NVNXF) Sees Rise in Short Interest

NOVONIX Limited (OTCMKTS:NVNXF) experienced a notable increase in short interest during January. As of January 31st, short interest reached 1,702,700 shares, marking a 25.1% rise from the previous total of 1,361,200 shares reported on January 15th. This uptick indicates that investors are increasingly betting against the stock. With an average trading volume of 299,600 shares per day, the current short-interest ratio stands at 5.7 days.

NOVONIX Stock Performance

On Friday, NOVONIX shares traded down by 4.2%, falling by $0.02 to a price of $0.35. The trading volume that day was recorded at 66,685 shares, which is lower than the average volume of 121,553 shares. The company has a debt-to-equity ratio of 0.44, along with a quick ratio of 5.94 and a current ratio of 6.15. Over the last 50 days, the moving average price was $0.41, while the 200-day moving average was $0.44. The stock has achieved a twelve-month low of $0.23 and a twelve-month high of $0.79.

About NOVONIX Limited

NOVONIX Limited is engaged in providing battery materials and development technology for a range of industries, including battery manufacturers, automotive original equipment manufacturers (OEMs), materials companies, and consumer electronics manufacturers. The company operates primarily in North America, Asia, Australia, and Europe, divided into two main segments: Battery Materials and Battery Technology.

Investment Insights

For those considering investments, it is recommended to research further before making any decisions on NOVONIX. According to market analysts, while NOVONIX has a current "Hold" rating, there are other stocks that might offer better potential for growth at this time. Investors are encouraged to stay informed and compare various options.

NOVONIX, Stocks, Investment