Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF) Sees Significant Growth in Short Interest

Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 103,431 shares, a growth of 233.3% from the August 31st total of 31,029 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ? days.

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

Shares of NMAKF remained flat at C$0.18 on Friday. Nemak, S. A. B. de C. V. has a one year low of C$0.17 and a one year high of C$0.22. The stock has a 50-day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.19.

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.