Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF) Shares Shorted: Short Interest Down 70.0% in September

Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 31,029 shares, a decrease of 70.0% from the September 15th total of 103,431 shares. Based on an average trading volume of 79 shares, the short-interest ratio is presently 392.8 days.

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

Shares of NMAKF stock remained flat at C$0.17 during mid-day trading on Tuesday. The stock has a 50-day moving average price of C$0.18 and a two-hundred day moving average price of C$0.19. 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.

About Nemak, S. A. B. de C. V.

Nemak, SAB. de C.V. is a Mexico-based automotive components manufacturer headquartered in García, Nuevo León. The company develops and produces lightweight aluminum solutions for automakers and automotive suppliers, with an emphasis on improving vehicle efficiency, performance, and emissions characteristics.

Its products include aluminum cylinder heads, engine blocks, transmission and powertrain components, structural parts, and other cast and machined components. Nemak also serves the automotive industry’s shift toward electrification through components for electric vehicle battery systems, electric drive units, and other vehicle structures.

Founded in 1979 as a joint venture between Ford Motor Company and Grupo Industrial Alfa, Nemak has expanded its manufacturing and engineering activities internationally.