Nexteer Automotive Group Limited (OTCMKTS:NTXVF) Sees Large Growth in Short Interest

Nexteer Automotive Group Limited (OTCMKTS:NTXVFGet Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 273,430 shares, an increase of ? from the July 30th total of 0 shares. Based on an average trading volume of 70 shares, the short-interest ratio is currently 3,906.1 days.

Nexteer Automotive Group Price Performance

Shares of NTXVF remained flat at $0.56 during mid-day trading on Monday. The stock’s 50-day simple moving average is $0.55 and its 200 day simple moving average is $0.68. Nexteer Automotive Group has a 12 month low of $0.51 and a 12 month high of $1.16.

About Nexteer Automotive Group

(Get Free Report)

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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