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

Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 1,182,078 shares, a growth of 118.7% from the April 15th total of 540,574 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. Stock Performance

Shares of Nemak, S. A. B. de C. V. stock remained flat at C$0.20 on Friday. Nemak, S. A. B. de C. V. has a 52 week low of C$0.16 and a 52 week high of C$0.22. The stock’s 50-day simple moving average is C$0.19 and its 200 day simple moving average is C$0.20.

About Nemak, S. A. B. de C. V.

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.