Nokian Renkaat Oyj (OTCMKTS:NKRKY) Short Interest Update

Nokian Renkaat Oyj (OTCMKTS:NKRKY) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 11,365 shares, a decline of 25.0% from the February 26th total of 15,148 shares. Based on an average daily trading volume, of 10,601 shares, the short-interest ratio is presently 1.1 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Nokian Renkaat Oyj in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Nokian Renkaat Oyj Price Performance

Nokian Renkaat Oyj stock opened at $5.27 on Monday. The company’s 50 day simple moving average is $6.06 and its 200 day simple moving average is $5.35. Nokian Renkaat Oyj has a fifty-two week low of $3.28 and a fifty-two week high of $6.92.

Nokian Renkaat Oyj (OTCMKTS:NKRKY) last issued its earnings results on Tuesday, February 10th. The company reported $0.07 EPS for the quarter. The firm had revenue of $484.74 million during the quarter.

About Nokian Renkaat Oyj

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.