Nexteer Automotive Group Limited (OTCMKTS:NTXVF – Get Free Report) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 25,430 shares, a decline of 42.2% from the June 30th total of 44,000 shares. Based on an average daily trading volume, of 61 shares, the days-to-cover ratio is presently 416.9 days.
Nexteer Automotive Group Price Performance
Shares of OTCMKTS:NTXVF remained flat at $0.51 on Wednesday. Nexteer Automotive Group has a 1-year low of $0.51 and a 1-year high of $1.16. The company’s 50-day moving average is $0.61 and its 200 day moving average is $0.73.
About Nexteer Automotive Group
Nexteer Automotive Group is a global supplier of advanced steering and driveline systems for the automotive industry. The company designs, engineers and manufactures electric and hydraulic power steering systems, steering columns, intermediate shafts and driveline modules for passenger cars, light trucks and commercial vehicles. Its product portfolio also includes advanced driver assistance system (ADAS) integration and steer-by-wire technologies aimed at improving vehicle safety, comfort and fuel efficiency.
Originally a division of General Motors, Nexteer became an independent entity in 2010 when it was acquired by the China-based automotive holdings firm Pacific Century Motors.
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