Nokia Corporation (NYSE:NOK) Stock Short Interest Climbs 55.8%

Nokia Corporation (NYSE:NOK) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 86,495,412 shares, a growth of 55.8% from the September 15th total of 55,521,856 shares. Based on an average trading volume of 90,617,454 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.5% of the company’s shares are sold short.

Nokia Stock Down 4.5%

Shares of NYSE NOK traded down $0.43 during midday trading on Friday, reaching $9.13. The company’s stock had a trading volume of 74,155,692 shares, compared to its average volume of 75,816,576. The stock has a 50 day simple moving average of $10.24 and a 200-day simple moving average of $11.42. The company has a current ratio of 1.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $52.46 billion, a price-to-earnings ratio of 65.25, a PEG ratio of 1.14 and a beta of 1.19. Nokia has a fifty-two week low of $5.45 and a fifty-two week high of $17.45.

Nokia (NYSE:NOK) last posted its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $5.50 billion during the quarter, compared to the consensus estimate of $5.57 billion. Nokia had a net margin of 3.49% and a return on equity of 9.83%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.04 EPS. Equities research analysts predict that Nokia will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NOK has been the subject of several recent analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Nokia in a report on Tuesday, September 29th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Nokia in a research note on Tuesday, August 18th. S&P Equity Research restated a “positive” rating on shares of Nokia in a report on Thursday, July 30th. UBS Group reaffirmed a “neutral” rating on shares of Nokia in a research note on Wednesday, July 1st. Finally, Rosenblatt Securities assumed coverage on shares of Nokia in a report on Tuesday, September 15th. They issued a “buy” rating and a $15.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.57.

Key Headlines Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: A comparison of Nokia (NOK) and Motorola Solutions (MSI) highlights Nokia as a potential value opportunity for investors seeking exposure to wireless-equipment stocks. The article may support interest in NOK, although it does not represent a new company announcement. NOK or MSI: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: Nokia transferred 2.14 million treasury shares to participants in its equity-based incentive plans. Because the shares were already held by Nokia and were transferred to settle existing awards, the transaction is primarily compensation-related rather than a new capital raise. Changes in Nokia Corporation’s own shares
• Neutral Sentiment: Separate regulatory filings disclosed initial notifications for senior managers Konstanty Owczarek, Patrik Hammarén, David Heard and Pallavi Mahajan. The provided reports do not show transaction sizes or whether the managers bought or sold shares, limiting their immediate investment significance. Managers’ transactions
• Neutral Sentiment: Nokia is expected to report earnings on Thursday, making the upcoming results, guidance and commentary on demand important near-term catalysts for NOK. Nokia Expected to Announce Earnings
• Negative Sentiment: Nokia reportedly plans to divest its industrial private-wireless and edge business. The move could streamline operations and sharpen focus, but investors may initially view the sale as a reduction in Nokia’s addressable growth opportunities unless the company provides attractive terms or a clear reinvestment strategy. Nokia Divests Industrial Private Wireless and Edge Business
• Negative Sentiment: A report says Nokia is considering leaving select markets. Potential withdrawals could reduce revenue and raise concerns about the company’s geographic growth outlook, though the report is not presented as a finalized corporate announcement. Nokia Reportedly Looking to Quit Select Markets
• Neutral Sentiment: A consumer-technology article speculates about Nokia-branded phones that could return in 2027. It is opinion-driven and has little direct bearing on Nokia’s current network-equipment earnings or valuation. Four Nokia Phones We Wish Made a Comeback in 2027

Institutional Trading of Nokia

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SummitTX Capital L.P. grew its holdings in Nokia by 219.4% in the 1st quarter. SummitTX Capital L.P. now owns 245,559 shares of the technology company’s stock valued at $1,974,000 after buying an additional 168,688 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in Nokia during the first quarter worth about $9,634,000. Legacy Wealth Asset Management LLC acquired a new stake in Nokia in the 3rd quarter worth about $1,359,000. Amundi bought a new stake in Nokia in the 1st quarter valued at about $1,120,000. Finally, Renaissance Technologies LLC boosted its holdings in Nokia by 131.3% in the 1st quarter. Renaissance Technologies LLC now owns 13,294,780 shares of the technology company’s stock valued at $106,890,000 after purchasing an additional 7,546,000 shares during the period. Institutional investors own 5.28% of the company’s stock.

About Nokia

Nokia Oyj is a Finland-based technology company that develops and supplies communications networking equipment, software and related services. Its offerings support mobile and fixed broadband networks, including radio access networks, core networks, fiber and other fixed-access technologies, IP routing, optical networking, private wireless systems, cloud networking and network automation.

The company serves telecommunications operators, governments, enterprises and other organizations worldwide.