Nokian Renkaat Oyj (OTCMKTS:NKRKF) Short Interest Update

Nokian Renkaat Oyj (OTCMKTS:NKRKF) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 42,700 shares, a decline of 39.9% from the August 15th total of 71,000 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 427.0 days.

Nokian Renkaat Oyj stock remained flat at $$40.35 during midday trading on Monday. Nokian Renkaat Oyj has a 52-week low of $40.35 and a 52-week high of $41.46. The stock’s 50 day moving average is $40.24 and its 200-day moving average is $38.01.

Nokian Renkaat Oyj Company Profile

Nokian Renkaat Oyj engages in the manufacture of tyres. It operates through the following segments: Passenger Car Tyres, Heavy Tyres, Vianor, and Other Operations. The Passenger Car Tyres segment covers the development and production of summer and winter tyres for cars and vans. The Heavy Tyres segment comprises tyres for forestry machinery, and special tyres for agricultural machinery, tractors, and industrial machinery.

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