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.
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