NOVONIX Limited (NASDAQ:NVX) Short Interest Update

NOVONIX Limited (NASDAQ:NVX) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 353,800 shares, a decline of 29.8% from the February 13th total of 503,700 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 212,200 shares, the short-interest ratio is currently 1.7 days.

NOVONIX Trading Down 1.8 %

Shares of NVX stock traded down $0.02 on Monday, reaching $1.11. 46,970 shares of the company were exchanged, compared to its average volume of 102,285. The business has a 50-day moving average price of $1.45 and a 200 day moving average price of $1.71. The company has a quick ratio of 5.94, a current ratio of 6.15 and a debt-to-equity ratio of 0.44. NOVONIX has a 1 year low of $0.97 and a 1 year high of $3.10.

Institutional Trading of NOVONIX

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC boosted its position in shares of NOVONIX by 103.5% during the 3rd quarter. Jane Street Group LLC now owns 34,495 shares of the company’s stock valued at $63,000 after acquiring an additional 17,541 shares during the last quarter. Jackson Hole Capital Partners LLC acquired a new position in shares of NOVONIX during the 4th quarter valued at about $45,000. Quinn Opportunity Partners LLC purchased a new stake in shares of NOVONIX during the fourth quarter worth approximately $99,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of NOVONIX during the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 0.06% of the company’s stock.

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.