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

Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 31,029 shares, a decrease of 97.4% from the July 15th total of 1,176,162 shares. Based on an average daily trading volume, of 14 shares, the short-interest ratio is currently 2,216.4 days.

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

Shares of NMAKF opened at C$0.18 on Wednesday. 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. The business’s 50 day simple moving average is C$0.19 and its 200-day simple moving average is C$0.19.

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.