Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 187,259 shares, a growth of 503.4% from the October 15th total of 31,035 shares. Based on an average daily volume of 10 shares, the days-to-cover ratio is currently 18,725.9 days.
Nemak, S. A. B. de C. V. Price Performance
Shares of NMAKF remained flat at C$0.17 during mid-day trading on Friday. Nemak, S. A. B. de C. V. has a 52 week low of C$0.17 and a 52 week high of C$0.22. The business has a 50 day simple moving average of C$0.17 and a 200 day simple moving average of C$0.19.
About Nemak, S. A. B. de C. V.
Nemak, S.A.B. de C.V. is a Mexican automotive supplier that develops and manufactures aluminum components for vehicle makers and other customers in the mobility industry. Its products include engine blocks, cylinder heads and transmission components, as well as structural and chassis parts. As automakers shift toward electrification, Nemak also supplies components for electric vehicles, including battery housings and parts for electric motors. The company’s products serve both conventional and electric vehicle platforms.
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