Nemak, S. A. B. de C. V. (OTCMKTS:NMAKF) Short Interest Down 97.4% in July

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

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

Shares of OTCMKTS NMAKF remained flat at C$0.18 during trading on Tuesday. The company’s 50-day moving average price is C$0.19 and its 200 day moving average price is C$0.19. Nemak, S. A. B. de C. V. has a twelve month low of C$0.17 and a twelve month high of C$0.22.

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

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.