Short Interest in Novanta Inc. (NASDAQ:NOVT) Expands By 21.5%

Short Interest in Novanta Inc. (NASDAQ:NOVT) Expands By 21.5%

Novanta Inc. (NASDAQ:NOVT - Get Free Report) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 3,567,207 shares, an increase of 21.5% from the January 15th total of 2,936,775 shares. Approximately 10.1% of the shares of the company are short sold. Based on an average daily volume of 454,386 shares, the short-interest ratio is currently 7.9 days. Based on an a…