Nokian Renkaat Oyj (OTCMKTS:NKRKY) Short Interest Update

Nokian Renkaat Oyj (OTCMKTS:NKRKY) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 6,826 shares, an increase of 34.1% from the December 31st total of 5,091 shares. Based on an average daily trading volume, of 4,314 shares, the short-interest ratio is currently 1.6 days. Based on an average daily trading volume, of 4,314 shares, the short-interest ratio is currently 1.6 days.

Nokian Renkaat Oyj Stock Performance

Shares of NKRKY opened at $6.46 on Friday. The business has a 50-day simple moving average of $5.56 and a two-hundred day simple moving average of $4.94. Nokian Renkaat Oyj has a 52 week low of $3.16 and a 52 week high of $6.65.

Wall Street Analysts Forecast Growth

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