Nokian Renkaat Oyj (OTCMKTS:NKRKY) Short Interest Update

by · The Cerbat Gem

Nokian Renkaat Oyj (OTCMKTS:NKRKY – Get Free Report) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 5,004 shares, a drop of 52.5% from the November 30th total of 10,536 shares. Based on an average daily trading volume, of 15,319 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 15,319 shares, the short-interest ratio is currently 0.3 days.

Nokian Renkaat Oyj Stock Performance

Shares of OTCMKTS:NKRKY remained flat at $5.33 during trading on Friday. Nokian Renkaat Oyj has a fifty-two week low of $3.16 and a fifty-two week high of $5.35. The firm has a fifty day simple moving average of $4.92 and a 200 day simple moving average of $4.50.

Nokian Renkaat Oyj (OTCMKTS:NKRKY – Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $402.23 million for the quarter.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Nokian Renkaat Oyj in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Nokian Renkaat Oyj presently has an average rating of “Hold”.

View Our Latest Stock Report on NKRKY

Nokian Renkaat Oyj Company Profile

(Get Free Report)

Nokian Renkaat Oyj, operating under the Nokian Tyres brand, is a Finnish manufacturer specializing in the design, development and production of tires for passenger cars, SUVs, trucks and heavy machinery. The company is particularly renowned for its winter tire technologies, offering a portfolio that includes studded and studless solutions engineered for snow, ice and challenging weather conditions. Nokian also produces all-season and summer tire lines, catering to a broad range of on-road and off-road applications.

The firm traces its origins to the Finnish Rubber Works founded in 1898 and emerged as an independent tire company following a spin-off from Nokia Corporation in 1988.

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