Short Interest in Nokian Renkaat Oyj (OTCMKTS:NKRKY) Expands By 58.5%

Nokian Renkaat Oyj (OTCMKTS:NKRKY) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 10,816 shares, a growth of 58.5% from the January 15th total of 6,826 shares. Based on an average daily trading volume, of 4,090 shares, the short-interest ratio is currently 2.6 days. Based on an average daily trading volume, of 4,090 shares, the short-interest ratio is currently 2.6 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated 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, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Nokian Renkaat Oyj Stock Performance

OTCMKTS:NKRKY opened at $6.68 on Friday. Nokian Renkaat Oyj has a fifty-two week low of $3.16 and a fifty-two week high of $6.92. The company has a fifty day moving average of $5.88 and a two-hundred day moving average of $5.09.

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

Nokian Renkaat Oyj Company Profile

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.