Nokian Renkaat Oyj (OTCMKTS:NKRKF) Sees Large Decrease in Short Interest

Nokian Renkaat Oyj (OTCMKTS:NKRKF) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 1,025,000 shares, a drop of 17.3% from the January 31st total of 1,238,900 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 2,562.5 days.

Nokian Renkaat Oyj Stock Performance

Shares of NKRKF opened at $6.63 on Friday. Nokian Renkaat Oyj has a fifty-two week low of $6.63 and a fifty-two week high of $9.64. The firm has a 50 day moving average price of $7.32 and a 200-day moving average price of $8.05.

About Nokian Renkaat Oyj

Nokian Renkaat Oyj develops and manufactures tires in Finland, Nordics, the rest of Europe, the Americas, and internationally. It operates through Passenger Car Tyres, Heavy Tyres, and Vianor segments. The Passenger Car Tyres segment develops and produces summer, winter, and all-season tires for cars and vans.