NOVONIX Limited (NASDAQ:NVX) Short Interest Update

NOVONIX Limited (NASDAQ:NVX) was the recipient of a significant decline in short interest in November. As of November 15th, there was short interest totalling 78,300 shares, a decline of 35.1% from the October 31st total of 120,600 shares. Based on an average daily trading volume, of 60,900 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of NOVONIX

An institutional investor recently raised its position in NOVONIX stock. Virtu Financial LLC lifted its holdings in shares of NOVONIX Limited (NASDAQ:NVX) by 82.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,563 shares of the company’s stock after buying an additional 11,992 shares during the period. Virtu Financial LLC’s holdings in NOVONIX were worth $61,000 at the end of the most recent quarter. 0.06% of the stock is currently owned by hedge funds and other institutional investors.

NOVONIX Stock Down 26.4 %

Shares of NOVONIX stock traded down $0.71 during trading on Thursday, reaching $1.98. The company’s stock had a trading volume of 416,408 shares, compared to its average volume of 64,309. NOVONIX has a one year low of $1.40 and a one year high of $3.10. The company has a debt-to-equity ratio of 0.44, a quick ratio of 5.94 and a current ratio of 6.15. The stock has a 50-day moving average price of $1.99 and a two-hundred day moving average price of $1.87.

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.