Short Interest in Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF) Decreases By 13.1%

Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF) saw a large decrease in short interest in February. As of February 13th, there was short interest totaling 1,292,270 shares, a decrease of 13.1% from the January 29th total of 1,487,406 shares. Based on an average daily volume of 42,690 shares, the days-to-cover ratio is currently 30.3 days. Based on an average daily volume of 42,690 shares, the days-to-cover ratio is currently 30.3 days.

Nemak, S. A. B. de C. V. Stock Performance

Shares of NMAKF opened at C$0.19 on Thursday. Nemak, S. A. B. de C. V. has a one year low of C$0.13 and a one year high of C$0.22. The stock has a 50-day moving average of C$0.21 and a 200-day moving average of C$0.19.

Nemak, S. A. B. de C. V. Company Profile

Nemak, SAB. de C.V. is a global manufacturer of lightweight aluminum components for the automotive industry. Headquartered in Monterrey, Mexico, the company specializes in the design, development and production of critical engine and structural parts that help automakers improve fuel efficiency and reduce emissions.

Founded in 1979 as part of the Alfa industrial conglomerate, Nemak has developed advanced high-pressure die casting, machining and assembly capabilities. Its core product portfolio includes aluminum cylinder heads, engine blocks and e-mobility solutions such as battery housings and structural parts for hybrid and electric vehicles.

Nemak serves a diverse customer base of global automakers and tier-one suppliers, supplying components for internal combustion, hybrid and electric powertrains.