Nexteer Automotive Group Limited (OTCMKTS:NTXVF – Get Free Report) was the target of a significant 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 short-interest ratio is presently 5,879.2 days.
Nexteer Automotive Group Price Performance
Shares of OTCMKTS NTXVF remained flat at $0.71 during midday trading on Tuesday. Nexteer Automotive Group has a 52 week low of $0.63 and a 52 week high of $1.16. The stock’s 50-day moving average price is $0.72 and its two-hundred day moving average price is $0.80.
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.
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