Short Interest in Nokian Renkaat Oyj (OTCMKTS:NKRKY) Rises By 25.2%

Nokian Renkaat Oyj (OTCMKTS:NKRKY) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 15,148 shares, a growth of 25.2% from the February 12th total of 12,103 shares. Based on an average daily volume of 2,581 shares, the days-to-cover ratio is currently 5.9 days. Based on an average daily volume of 2,581 shares, the days-to-cover ratio is currently 5.9 days.

Nokian Renkaat Oyj Price Performance

Shares of Nokian Renkaat Oyj stock opened at $5.31 on Tuesday. Nokian Renkaat Oyj has a twelve month low of $3.28 and a twelve month high of $6.92. The company’s fifty day moving average is $6.18 and its 200 day moving average is $5.30.

Nokian Renkaat Oyj (OTCMKTS:NKRKY) last announced its earnings results on Tuesday, February 10th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $484.74 million for the quarter.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Nokian Renkaat Oyj in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Nokian Renkaat Oyj currently has an average 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.