I think good news is incoming, but personally I'm not confident of a short squeeze or even a rally in the short term - anything could happen for a while longer yet.
I'm not spending much time trying to predict the short term for Novonix but I'd expect the shorts to reduce over the next say ~4 months as there are far more lucrative and low risk short plays out there now. Action really starts when we see greenfield loan (supported by offtakes) which should be a little bit ahead of Panasonic product delivery cashflow.
I think good news is incoming, but personally I'm not confident...
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Last
69.5¢ |
Change
0.030(4.51%) |
Mkt cap ! $342.4M | |||
| Open | High | Low | Value | Volume |
| 66.5¢ | 69.5¢ | 66.0¢ | $401.6K | 596.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 7785 | 69.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 69.5¢ | 100460 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| NVX (ASX) Chart |