Novonix Limited (OTCMKTS:NVNXF) Short Interest Down 82.6% in August

Novonix Limited (OTCMKTS:NVNXF) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 99,100 shares, a decline of 82.6% from the August 15th total of 570,100 shares. Based on an average daily trading volume, of 1,049,100 shares, the days-to-cover ratio is currently 0.1 days.

NVNXF traded down $0.29 during midday trading on Wednesday, hitting $3.95. The company’s stock had a trading volume of 1,132,689 shares, compared to its average volume of 704,653. The firm has a 50-day moving average price of $2.70 and a two-hundred day moving average price of $2.11. Novonix has a 52-week low of $0.70 and a 52-week high of $4.85.

About Novonix

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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