Nokia Corporation (NYSE:NOK) Short Interest Up 40.2% in March

Nokia Corporation (NYSE:NOK) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 54,530,351 shares, an increase of 40.2% from the February 26th total of 38,887,557 shares. Based on an average daily volume of 68,207,321 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.9% of the shares of the company are short sold.

Nokia Price Performance

Shares of NOK stock traded down $0.32 during trading on Friday, hitting $7.97. The company had a trading volume of 50,763,002 shares, compared to its average volume of 61,150,392. The stock’s 50-day moving average is $7.47 and its two-hundred day moving average is $6.52. The stock has a market capitalization of $45.74 billion, a price-to-earnings ratio of 61.27, a price-to-earnings-growth ratio of 2.76 and a beta of 0.80. The company has a quick ratio of 1.36, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. Nokia has a 52 week low of $4.00 and a 52 week high of $8.82.

Institutional Trading of Nokia

A number of hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp grew its position in Nokia by 248.7% during the fourth quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock valued at $25,000 after acquiring an additional 2,721 shares during the last quarter. FNY Investment Advisers LLC boosted its stake in shares of Nokia by 33,457.1% in the 4th quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock valued at $30,000 after purchasing an additional 4,684 shares in the last quarter. Dorato Capital Management purchased a new stake in shares of Nokia in the 4th quarter valued at $31,000. Smithfield Trust Co bought a new position in shares of Nokia during the 4th quarter valued at $35,000. Finally, Wexford Capital LP purchased a new position in Nokia in the 3rd quarter worth $29,000. Institutional investors own 5.28% of the company’s stock.

Key Headlines Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Partnered with Stelia to deliver enterprise-scale, high-trust AI networking — strengthens Nokia’s positioning for AI-driven enterprise services and could open higher‑margin networking revenues. Stelia and Nokia collaborate to advance AI for enterprise
• Positive Sentiment: Won network refresh work with London’s LINX / a major British IXP — a commercial win for optical/IP infrastructure that supports steady revenue and services bookings. British IXP giant gets Nokia refresh
• Positive Sentiment: Commercial deployment win: Ambra Solutions used Nokia’s private 4G/5G at the Côté Gold mine — proof point for private wireless and industrial IoT traction. Ambra Solutions Powers Côté Gold Mine with Nokia’s Private 4G/5G Network
• Neutral Sentiment: Leadership changes in India (new country business leader) and senior rejig — may improve local execution but impact on top-line is uncertain. Nokia elevates Samar Mittal as India country business leader
• Neutral Sentiment: Market commentary shows the ADR has recently outperformed longer term but experienced a pullback — informational context for volatility rather than a company event. Nokia Corp. ADR falls Thursday, still outperforms market
• Negative Sentiment: Multiple reports that Nokia plans major layoffs — up to ~14,000 roles (~20% of staff), with India teams flagged as impacted. This increases near‑term execution risk, could signal demand weakness, and may trigger sizable one‑time restructuring and severance charges despite potential long‑term cost savings. Nokia plans major job cuts, up to 14,000 employees may be laid off
• Negative Sentiment: Grupo Santander analyst downgraded NOK to Underperform with a EUR 6.85 target — a high‑profile downgrade that can amplify selling pressure and reduce near‑term investor confidence. Nokia’s Rally May Be Over as Analysts Tell Investors to Take Profits

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Arete Research lowered shares of Nokia from a “buy” rating to a “neutral” rating in a research report on Friday, March 13th. JPMorgan Chase & Co. increased their target price on shares of Nokia from $7.10 to $8.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. Kepler Capital Markets raised shares of Nokia from a “hold” rating to a “buy” rating in a report on Wednesday, January 7th. Citigroup restated a “sell” rating on shares of Nokia in a research report on Friday, January 23rd. Finally, Argus upgraded Nokia to a “hold” rating in a research report on Wednesday, February 11th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.01.

About Nokia

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.