Short Interest in Nexteer Automotive Group Limited (OTCMKTS:NTXVF) Drops By 99.7%

Nexteer Automotive Group Limited (OTCMKTS:NTXVF) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 142 shares, a decrease of 99.7% from the April 30th total of 50,000 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ? days.

Nexteer Automotive Group Price Performance

Shares of Nexteer Automotive Group stock remained flat at $0.71 during midday trading on Wednesday. The company had a trading volume of 60 shares, compared to its average volume of 7,830. The company’s 50 day moving average is $0.73 and its 200 day moving average is $0.82. Nexteer Automotive Group has a one year low of $0.63 and a one year high of $1.16.

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.