Nokia Corporation (NYSE:NOK) Short Interest Up 24.2% in April

Nokia Corporation (NYSE:NOK) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 68,243,622 shares, a growth of 24.2% from the March 31st total of 54,959,641 shares. Based on an average daily trading volume, of 92,258,863 shares, the short-interest ratio is presently 0.7 days. Approximately 1.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Nokia

Several hedge funds and other institutional investors have recently modified their holdings of NOK. Amundi bought a new position in shares of Nokia during the first quarter worth about $776,000. AQR Capital Management LLC increased its holdings in Nokia by 27.5% in the first quarter. AQR Capital Management LLC now owns 186,997 shares of the technology company’s stock valued at $985,000 after buying an additional 40,276 shares during the last quarter. Millennium Management LLC raised its stake in Nokia by 6,539.2% during the first quarter. Millennium Management LLC now owns 2,841,558 shares of the technology company’s stock valued at $14,975,000 after buying an additional 2,798,758 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Nokia by 6,204.9% during the 1st quarter. NewEdge Advisors LLC now owns 60,464 shares of the technology company’s stock worth $319,000 after buying an additional 59,505 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Nokia by 8.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,550,274 shares of the technology company’s stock worth $66,140,000 after acquiring an additional 1,002,033 shares in the last quarter. Institutional investors own 5.28% of the company’s stock.

Key Headlines Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Jim Cramer publicly called Nokia “a winner” after the company’s upbeat Q1 results and guidance raise, amplifying retail and institutional interest and supporting the rally. Jim Cramer on Nokia
• Positive Sentiment: Nokia agreed to sell its FWA CPE business to Inseego and will take a meaningful equity stake, creating a strategic partner for joint go‑to‑market activity (including 6G/edge work) that lets Nokia focus on core network infrastructure while keeping upside to FWA growth. Nokia exits FWA CPE business
• Neutral Sentiment: The buyer (Inseego) says the deal will materially scale its revenue — nearly doubling its top line per some analyst commentary — which supports the strategic rationale for Nokia’s stake, but most immediate cash proceeds to Nokia are modest. Inseego revenue impact
• Neutral Sentiment: The FWA CPE unit was sold for roughly $20m — a small one‑time cash inflow relative to Nokia’s market cap; the strategic value (stake + partnership) is the bigger takeaway for long‑term investors. Sale price details
• Neutral Sentiment: Nokia highlighted product innovation (an end‑to‑end quantum‑safe demo kit), underlining its push into secure, next‑gen networking tech — positive for positioning but unlikely to move near‑term earnings materially. Quantum-safe demo kit
• Negative Sentiment: Insider/manager share disposals were reported (Prosi sold a block of shares), which investors may view as a modest negative signal even though the transactions appear limited in size. Managers’ transactions (Prosi)

Nokia Stock Up 2.9%

Nokia stock traded up $0.38 during midday trading on Friday, hitting $13.29. 148,116,300 shares of the stock were exchanged, compared to its average volume of 100,344,152. Nokia has a 1 year low of $4.00 and a 1 year high of $13.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 1.36. The firm has a market cap of $76.31 billion, a P/E ratio of 83.07, a P/E/G ratio of 2.50 and a beta of 1.12. The company has a 50 day moving average price of $8.94 and a two-hundred day moving average price of $7.36.

Nokia (NYSE:NOK) last announced its earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share for the quarter. Nokia had a return on equity of 9.22% and a net margin of 4.02%.The company had revenue of $5.21 billion during the quarter. On average, sell-side analysts predict that Nokia will post 0.4 earnings per share for the current fiscal year.

Nokia Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 12th. Shareholders of record on Tuesday, April 28th will be paid a dividend of $0.0468 per share. This is a positive change from Nokia’s previous quarterly dividend of $0.04. The ex-dividend date is Tuesday, April 28th. This represents a $0.19 dividend on an annualized basis and a yield of 1.4%. Nokia’s payout ratio is currently 81.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NOK shares. Santander upgraded shares of Nokia from a “neutral” rating to an “outperform” rating in a research note on Monday, February 2nd. Bank of America upgraded shares of Nokia from a “neutral” rating to a “buy” rating and set a $12.40 target price on the stock in a report on Monday, April 13th. Northland Securities set a $13.00 price target on shares of Nokia in a research report on Monday, April 20th. Argus raised Nokia from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Monday. Finally, Nordea Equity Research upgraded Nokia from a “hold” rating to a “buy” rating in a research note on Friday, April 24th. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.71.

Nokia Company Profile

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.