Nexteer Automotive Group Limited (OTCMKTS:NTXVF) Sees Large Growth in Short Interest

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

Nexteer Automotive Group Price Performance

NTXVF stock opened at $0.59 on Friday. Nexteer Automotive Group has a 52-week low of $0.51 and a 52-week high of $1.16. The company’s 50-day simple moving average is $0.54 and its 200-day simple moving average is $0.66.

Nexteer Automotive Group Company Profile

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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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