Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF) Short Interest Down 14.1% in February

Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,109,492 shares, a drop of 14.1% from the February 12th total of 1,292,270 shares. Based on an average trading volume of 210 shares, the short-interest ratio is currently 5,283.3 days. Based on an average trading volume of 210 shares, the short-interest ratio is currently 5,283.3 days.

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

Shares of OTCMKTS NMAKF opened at C$0.19 on Tuesday. The business has a fifty day moving average price of C$0.20 and a two-hundred day moving average price of C$0.20. Nemak, S. A. B. de C. V. has a fifty-two week low of C$0.13 and a fifty-two week high of C$0.22.

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.