Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 187,259 shares, a growth of 503.4% from the October 15th total of 31,035 shares. Based on an average daily volume of 10 shares, the days-to-cover ratio is currently 18,725.9 days.
Nemak, S. A. B. de C. V. Price Performance
Shares of OTCMKTS:NMAKF remained flat at C$0.17 during midday trading on Wednesday. Nemak, S. A. B. de C. V. has a 1 year low of C$0.17 and a 1 year high of C$0.22. The firm’s 50-day moving average is C$0.17 and its 200-day moving average is C$0.19.
Nemak, S. A. B. de C. V. Company Profile
Nemak, S.A.B. de C.V. is a Mexican automotive supplier that develops and manufactures aluminum components for vehicle makers and other customers in the mobility industry. Its products include engine blocks, cylinder heads and transmission components, as well as structural and chassis parts. As automakers shift toward electrification, Nemak also supplies components for electric vehicles, including battery housings and parts for electric motors. The company’s products serve both conventional and electric vehicle platforms.
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