Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF) Stock Short Interest Falls 70.0%

Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 31,029 shares, a decrease of 70.0% from the September 15th total of 103,431 shares. Based on an average trading volume of 79 shares, the days-to-cover ratio is presently 392.8 days.

Nemak, S. A. B. de C. V. Stock Performance

NMAKF opened at C$0.17 on Wednesday. The stock’s 50 day simple moving average is C$0.18 and its 200 day simple moving average is C$0.19. Nemak, S. A. B. de C. V. has a 1 year low of C$0.17 and a 1 year high of C$0.22.

About Nemak, S. A. B. de C. V.

Nemak, SAB. de C.V. is a Mexico-based automotive components manufacturer headquartered in García, Nuevo León. The company develops and produces lightweight aluminum solutions for automakers and automotive suppliers, with an emphasis on improving vehicle efficiency, performance, and emissions characteristics.

Its products include aluminum cylinder heads, engine blocks, transmission and powertrain components, structural parts, and other cast and machined components. Nemak also serves the automotive industry’s shift toward electrification through components for electric vehicle battery systems, electric drive units, and other vehicle structures.

Founded in 1979 as a joint venture between Ford Motor Company and Grupo Industrial Alfa, Nemak has expanded its manufacturing and engineering activities internationally.