Nexteer Automotive Group Limited (OTCMKTS:NTXVF) was the target of a large growth in short interest during the month of May. As of May 28th, there was short interest totalling 12,600 shares, a growth of 2,000.0% from the May 13th total of 600 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 126.0 days.
Shares of OTCMKTS:NTXVF traded up $0.01 during trading on Friday, hitting $1.43. The stock has a 50 day moving average of $1.18. Nexteer Automotive Group has a 1 year low of $0.62 and a 1 year high of $1.93.
About Nexteer Automotive Group
Nexteer Automotive Group Limited, an investment holding company, designs, develops, manufactures, and distributes steering and driveline systems and components for automobile manufacturers and other automotive-related companies. It offers electric power steering (EPS) products, such as column, pinion, and rack assist, as well as dual pinion EPS; EPS remanufacturing products, intermediate shafts, and modular power packs; and hydraulic power steering products, such as magnetic torque overlay, smart flow pumps, power steering pumps and reservoirs, rack and pinion steering gears, and recirculating ball steering gears, as well as aftermarket products.
