Nexteer Automotive Group Limited (OTCMKTS:NTXVF) Short Interest Down 42.2% in July

Nexteer Automotive Group Limited (OTCMKTS:NTXVF) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 25,430 shares, a decrease of 42.2% from the June 30th total of 44,000 shares. Based on an average daily volume of 61 shares, the short-interest ratio is presently 416.9 days.

Nexteer Automotive Group Stock Performance

Shares of Nexteer Automotive Group stock remained flat at $0.51 on Thursday. Nexteer Automotive Group has a one year low of $0.51 and a one year high of $1.16. The firm’s 50-day moving average is $0.61 and its 200 day moving average is $0.73.

Nexteer Automotive Group Company Profile

Nexteer Automotive Group is a global supplier of advanced steering and driveline systems for the automotive industry. The company designs, engineers and manufactures electric and hydraulic power steering systems, steering columns, intermediate shafts and driveline modules for passenger cars, light trucks and commercial vehicles. Its product portfolio also includes advanced driver assistance system (ADAS) integration and steer-by-wire technologies aimed at improving vehicle safety, comfort and fuel efficiency.

Originally a division of General Motors, Nexteer became an independent entity in 2010 when it was acquired by the China-based automotive holdings firm Pacific Century Motors.