Short Interest in NOVONIX Limited (NASDAQ:NVX) Grows By 95.6%

NOVONIX Limited (NASDAQ:NVX - Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 66,500 shares, a growth of 95.6% from the September 30th total of 34,000 shares. Based on an average daily trading volume, of 38,800 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Trading of NOVONIX

An institutional investor recently raised its position in NOVONIX stock. Virtu Financial LLC grew its position in NOVONIX Limited (NASDAQ:NVX - Free Report) by 82.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,563 shares of the company's stock after acquiring an additional 11,992 shares during the quarter. Virtu Financial LLC's holdings in NOVONIX were worth $61,000 at the end of the most recent reporting period. 0.06% of the stock is currently owned by institutional investors.

NOVONIX Trading Down 1.0 %

Shares of NVX stock traded down $0.02 on Friday, hitting $2.04. 50,404 shares of the stock traded hands, compared to its average volume of 59,604. The firm's 50-day moving average price is $1.78 and its two-hundred day moving average price is $1.93. The company has a current ratio of 6.15, a quick ratio of 5.94 and a debt-to-equity ratio of 0.44. NOVONIX has a twelve month low of $1.40 and a twelve month high of $3.10.

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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