Short Interest in Nexteer Automotive Group Limited (OTCMKTS:NTXVF) Expands By 7,883.8%

Nexteer Automotive Group Limited (OTCMKTS:NTXVF) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 21,830,000 shares, a growth of 7,883.8% from the August 15th total of 273,430 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Nexteer Automotive Group Trading Up 16.2%

Shares of OTCMKTS:NTXVF traded up $0.08 on Thursday, hitting $0.59. The company had a trading volume of 2,080 shares, compared to its average volume of 6,146. The firm’s 50-day simple moving average is $0.54 and its two-hundred day simple moving average is $0.66. Nexteer Automotive Group has a 1 year low of $0.51 and a 1 year high of $1.16.

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.