Short Interest in Nexteer Automotive Group Limited (OTCMKTS:NTXVF) Drops By 99.7%

Nexteer Automotive Group Limited (OTCMKTS:NTXVF) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 142 shares, a drop of 99.7% from the April 30th total of 50,000 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Nexteer Automotive Group Stock Performance

Shares of Nexteer Automotive Group stock remained flat at $0.71 on Wednesday. 60 shares of the stock traded hands, compared to its average volume of 7,830. Nexteer Automotive Group has a 1 year low of $0.63 and a 1 year high of $1.16. The firm has a 50 day moving average of $0.73 and a 200-day moving average of $0.82.

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.