Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 187,259 shares, an increase of 503.4% from the October 15th total of 31,035 shares. Based on an average daily trading volume, of 10 shares, the days-to-cover ratio is currently 18,725.9 days.
Nemak, S. A. B. de C. V. Price Performance
NMAKF stock remained flat at C$0.17 during trading on Wednesday. The company’s 50 day simple moving average is C$0.17 and its 200 day simple moving average is C$0.19. Nemak, S. A. B. de C. V. has a 12 month low of C$0.17 and a 12 month high of C$0.22.
About Nemak, S. A. B. de C. V.
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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