Nokian Renkaat Oyj (OTCMKTS:NKRKY) Short Interest Update

Nokian Renkaat Oyj (OTCMKTS:NKRKY) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 5,471 shares, a growth of 92.8% from the June 30th total of 2,837 shares. Based on an average daily volume of 6,604 shares, the short-interest ratio is currently 0.8 days.

Nokian Renkaat Oyj Trading Up 1.7%

NKRKY stock opened at $8.69 on Thursday. Nokian Renkaat Oyj has a 12 month low of $4.24 and a 12 month high of $8.90. The firm has a 50-day moving average of $7.07 and a two-hundred day moving average of $6.34.

Nokian Renkaat Oyj (OTCMKTS:NKRKY) last issued its earnings results on Friday, July 17th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $441.65 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Nokian Renkaat Oyj in a research note on Monday, July 20th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Nokian Renkaat Oyj currently has an average rating of “Hold”.

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.