Nexteer Automotive Group Limited (OTCMKTS:NTXVF) Short Interest Up 53,723.9% in May

Nexteer Automotive Group Limited (OTCMKTS:NTXVF) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 76,430 shares, a growth of 53,723.9% from the May 14th total of 142 shares. Based on an average daily trading volume, of 13 shares, the days-to-cover ratio is presently 5,879.2 days.

Nexteer Automotive Group Price Performance

OTCMKTS:NTXVF opened at $0.71 on Wednesday. The firm’s 50-day moving average price is $0.72 and its 200-day moving average price is $0.80. Nexteer Automotive Group has a 1-year low of $0.63 and a 1-year high of $1.16.

Nexteer Automotive Group Company Profile

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.