Nokian Renkaat Oyj (OTCMKTS:NKRKY) Short Interest Update

Nokian Renkaat Oyj (OTCMKTS:NKRKY) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 9,082 shares, a decline of 18.7% from the March 31st total of 11,165 shares. Based on an average daily trading volume, of 6,051 shares, the days-to-cover ratio is currently 1.5 days.

Nokian Renkaat Oyj Stock Performance

Shares of OTCMKTS NKRKY remained flat at $5.99 during mid-day trading on Thursday. Nokian Renkaat Oyj has a one year low of $3.35 and a one year high of $6.92. The firm has a 50-day simple moving average of $5.63 and a 200-day simple moving average of $5.50.

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

Wall Street Analysts Forecast Growth

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