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

Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 540,574 shares, a decline of 18.5% from the March 31st total of 663,203 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 2,702.9 days.

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

Shares of OTCMKTS NMAKF remained flat at C$0.20 during midday trading on Friday. The company’s 50-day simple moving average is C$0.19 and its 200-day simple moving average is C$0.20. Nemak, S. A. B. de C. V. has a 12 month low of C$0.16 and a 12 month high of C$0.22.

Nemak, S. A. B. de C. V. Company Profile

Nemak, SAB. de C.V. is a global manufacturer of lightweight aluminum components for the automotive industry. Headquartered in Monterrey, Mexico, the company specializes in the design, development and production of critical engine and structural parts that help automakers improve fuel efficiency and reduce emissions.

Founded in 1979 as part of the Alfa industrial conglomerate, Nemak has developed advanced high-pressure die casting, machining and assembly capabilities. Its core product portfolio includes aluminum cylinder heads, engine blocks and e-mobility solutions such as battery housings and structural parts for hybrid and electric vehicles.

Nemak serves a diverse customer base of global automakers and tier-one suppliers, supplying components for internal combustion, hybrid and electric powertrains.