Nexteer Automotive Group Limited (OTCMKTS:NTXVF) Short Interest Up 7,883.8% in August

Nexteer Automotive Group Limited (OTCMKTS:NTXVF) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 21,830,000 shares, a growth of 7,883.8% from the August 15th total of 273,430 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Nexteer Automotive Group Price Performance

NTXVF stock traded up $0.08 during midday trading on Thursday, hitting $0.59. The stock had a trading volume of 2,080 shares, compared to its average volume of 6,146. The business has a 50-day moving average of $0.54 and a two-hundred day moving average of $0.66. Nexteer Automotive Group has a 52-week low of $0.51 and a 52-week high of $1.16.

About Nexteer Automotive Group

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.