Short Interest in NOVONIX Limited (NASDAQ:NVX) Expands By 36.1%

NOVONIX Limited (NASDAQ:NVX - Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 360,000 shares, an increase of 36.1% from the December 31st total of 264,600 shares. Based on an average daily volume of 162,300 shares, the short-interest ratio is currently 2.2 days.

NOVONIX Trading Up 5.1 %

Shares of NVX traded up $0.08 during trading hours on Wednesday, reaching $1.54. 268,258 shares of the company's stock traded hands, compared to its average volume of 196,221. The business's fifty day simple moving average is $1.73 and its two-hundred day simple moving average is $1.79. NOVONIX has a twelve month low of $1.41 and a twelve month high of $3.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 6.15 and a quick ratio of 5.94.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NOVONIX stock. Jane Street Group LLC boosted its position in NOVONIX Limited (NASDAQ:NVX - Free Report) by 103.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,495 shares of the company's stock after purchasing an additional 17,541 shares during the period. Jane Street Group LLC's holdings in NOVONIX were worth $63,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.06% of the company's stock.

About NOVONIX

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.