Nexteer Automotive Group Limited (OTCMKTS:NTXVF) Sees Large Growth in Short Interest

Nexteer Automotive Group Limited (OTCMKTS:NTXVF) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 732,000 shares, a growth of 80.3% from the February 28th total of 406,000 shares. Based on an average daily volume of 1,500 shares, the days-to-cover ratio is currently 488.0 days.

Nexteer Automotive Group Stock Performance

Shares of OTCMKTS:NTXVF remained flat at $0.78 on Friday. Nexteer Automotive Group has a one year low of $0.32 and a one year high of $0.78. The company’s fifty day simple moving average is $0.55 and its two-hundred day simple moving average is $0.44.

Nexteer Automotive Group Company Profile

Nexteer Automotive Group Limited, a motion control technology company, develop, manufacture, and supply advanced steering and driveline systems to original equipment manufacturer worldwide. It offers electric power steering (EPS) products, which includes column assist electric power steering, intermediate shafts, EPS rack and pinion gears, single and dual pinion assist, and rack-assisted EPS, modular power pack, steer-by-wire, EPS remanufacturing, and automated steering actuator, as well as availability, output, and modular EPS.