Nokian Renkaat Oyj (OTCMKTS:NKRKY) Short Interest Update

Nokian Renkaat Oyj (OTCMKTS:NKRKY) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,654 shares, a drop of 69.8% from the July 15th total of 5,471 shares. Based on an average trading volume of 11,929 shares, the short-interest ratio is currently 0.1 days.

Nokian Renkaat Oyj Price Performance

Shares of OTCMKTS NKRKY opened at $8.48 on Thursday. The company’s fifty day moving average price is $7.57 and its 200 day moving average price is $6.51. Nokian Renkaat Oyj has a 1 year low of $4.24 and a 1 year high of $8.90.

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

Analysts Set New Price Targets

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