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

Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 1,109,492 shares, a drop of 14.1% from the February 12th total of 1,292,270 shares. Based on an average daily volume of 210 shares, the days-to-cover ratio is presently 5,283.3 days. Based on an average daily volume of 210 shares, the days-to-cover ratio is presently 5,283.3 days.

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

Shares of OTCMKTS NMAKF opened at C$0.19 on Thursday. The firm’s 50 day moving average price is C$0.20 and its 200-day moving average price is C$0.20. Nemak, S. A. B. de C. V. has a 52-week low of C$0.13 and a 52-week 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.