Novonix Limited (OTCMKTS:NVNXF) Sees Significant Growth in Short Interest

Novonix Limited (OTCMKTS:NVNXF) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 223,900 shares, a growth of 680.1% from the September 15th total of 28,700 shares. Based on an average daily volume of 914,200 shares, the days-to-cover ratio is currently 0.2 days.

OTCMKTS NVNXF traded up $0.20 on Thursday, hitting $3.83. The stock had a trading volume of 260,654 shares, compared to its average volume of 689,317. The business’s fifty day moving average price is $3.67 and its 200 day moving average price is $2.45. Novonix has a 52-week low of $0.72 and a 52-week high of $6.18.

Novonix Company Profile

Novonix Limited develops and supplies battery materials, equipment, and services to the lithium-ion battery market in North America. The company operates through three segments: Graphite Exploration and Mining, Battery Technology, and Battery Materials. The Graphite Exploration and Mining segment explores for graphite in Australia.

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