Nokian Renkaat Oyj (OTCMKTS:NKRKY) Short Interest Up 25.2% in February

Nokian Renkaat Oyj (OTCMKTS:NKRKY) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 15,148 shares, a growth of 25.2% from the February 12th total of 12,103 shares. Based on an average trading volume of 2,581 shares, the short-interest ratio is currently 5.9 days. Based on an average trading volume of 2,581 shares, the short-interest ratio is currently 5.9 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Nokian Renkaat Oyj in a research report on Tuesday, January 6th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Nokian Renkaat Oyj currently has a consensus rating of “Hold”.

Nokian Renkaat Oyj Price Performance

Shares of OTCMKTS:NKRKY traded down $0.24 during midday trading on Friday, reaching $5.31. 940 shares of the company were exchanged, compared to its average volume of 3,956. The business’s fifty day moving average is $6.19 and its two-hundred day moving average is $5.29. Nokian Renkaat Oyj has a one year low of $3.28 and a one year high of $6.92.

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