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

Novonix Limited (OTCMKTS:NVNXF) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 223,900 shares, an increase of 680.1% from the September 15th total of 28,700 shares. Based on an average trading volume of 914,200 shares, the short-interest ratio is presently 0.2 days.

Shares of Novonix stock traded up $0.20 during mid-day trading on Thursday, hitting $3.83. The stock had a trading volume of 260,654 shares, compared to its average volume of 689,317. The firm has a 50-day moving average of $3.67 and a two-hundred day moving average of $2.45. Novonix has a 12-month low of $0.72 and a 12-month 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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