Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF) Sees Significant Drop in Short Interest

Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 7,353,000 shares, a decline of 23.4% from the November 15th total of 9,593,100 shares. Based on an average trading volume of 17,200 shares, the short-interest ratio is currently 427.5 days.

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

Shares of Nemak, S. A. B. de C. V. stock remained flat at C$0.11 during midday trading on Monday. The business’s 50 day moving average price is C$0.10 and its 200 day moving average price is C$0.12. Nemak, S. A. B. de C. V. has a 12 month low of C$0.08 and a 12 month high of C$0.25.

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

Nemak, S. A. B. de C. V. develops, manufactures, and sells aluminum components for e-mobility, structure and chassis, and ICE powertrain applications to the automotive industry in North America, Europe, and internationally. It offers powertrain components, such as cylinder heads, engine blocks, transmission cases, and other ICE powertrain and auto parts; structural parts, including longitudinal members, shock towers, and subframes; and e-mobility components comprising e-drive, battery housings, and others.