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

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

Nokian Renkaat Oyj Trading Down 4.3%

Shares of Nokian Renkaat Oyj stock traded down $0.24 on Monday, reaching $5.31. 940 shares of the company were exchanged, compared to its average volume of 3,956. Nokian Renkaat Oyj has a one year low of $3.28 and a one year high of $6.92. The company has a 50-day moving average of $6.19 and a 200 day moving average of $5.30.

Nokian Renkaat Oyj (OTCMKTS:NKRKY) last issued its 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.

Analysts Set New Price Targets

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

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.