Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF – Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 155,767 shares, a decrease of 86.0% from the February 26th total of 1,109,492 shares. Based on an average daily trading volume, of 5,019 shares, the short-interest ratio is currently 31.0 days. Based on an average daily trading volume, of 5,019 shares, the short-interest ratio is currently 31.0 days.
Nemak, S. A. B. de C. V. Price Performance
Shares of OTCMKTS NMAKF remained flat at C$0.19 during mid-day trading on Tuesday. The company’s 50-day simple moving average is C$0.20 and its two-hundred day simple moving average is C$0.20. Nemak, S. A. B. de C. V. has a 52-week low of C$0.13 and a 52-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.
Further Reading
Receive News & Ratings for Nemak S. A. B. de C. V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nemak S. A. B. de C. V. and related companies with MarketBeat.com's FREE daily email newsletter.
