Nokia Oyj (NYSE:NOK) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 33,210,877 shares, a growth of 12.2% from the January 12th total of 29,598,713 shares. Based on an average trading volume of 17,172,945 shares, the days-to-cover ratio is currently 1.9 days.

Shares of Nokia Oyj (NOK) opened at $5.65 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The stock has a market cap of $32,800.00, a price-to-earnings ratio of -17.66, a price-to-earnings-growth ratio of 2.37 and a beta of 1.31. Nokia Oyj has a 12-month low of $4.51 and a 12-month high of $6.65.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.04. The company had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.41 billion. Nokia Oyj had a negative net margin of 6.37% and a positive return on equity of 10.80%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. sell-side analysts predict that Nokia Oyj will post 0.31 earnings per share for the current fiscal year.

Several research analysts recently commented on NOK shares. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Nokia Oyj in a report on Friday, October 27th. Canaccord Genuity dropped their target price on shares of Nokia Oyj from $7.00 to $5.50 and set a “hold” rating on the stock in a report on Friday, October 27th. Argus downgraded shares of Nokia Oyj from a “buy” rating to a “hold” rating and lifted their target price for the stock from $4.76 to $4.91 in a report on Monday, October 30th. BNP Paribas upgraded shares of Nokia Oyj from an “underperform” rating to a “neutral” rating in a report on Tuesday, November 7th. Finally, Credit Suisse Group downgraded shares of Nokia Oyj from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $4.89 to $5.00 in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. Nokia Oyj presently has an average rating of “Hold” and a consensus target price of $5.74.

Several institutional investors have recently modified their holdings of the company. Nationwide Fund Advisors boosted its position in shares of Nokia Oyj by 1.7% during the 2nd quarter. Nationwide Fund Advisors now owns 52,400 shares of the technology company’s stock valued at $323,000 after acquiring an additional 900 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Nokia Oyj by 9.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 89,494 shares of the technology company’s stock valued at $552,000 after acquiring an additional 7,419 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Nokia Oyj by 1.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 571,258 shares of the technology company’s stock valued at $2,662,000 after acquiring an additional 10,606 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Nokia Oyj by 3.1% during the 3rd quarter. Mackenzie Financial Corp now owns 375,774 shares of the technology company’s stock valued at $2,247,000 after acquiring an additional 11,361 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Nokia Oyj by 6.7% during the 4th quarter. Bank of New York Mellon Corp now owns 194,923 shares of the technology company’s stock valued at $909,000 after acquiring an additional 12,233 shares in the last quarter. Institutional investors and hedge funds own 6.03% of the company’s stock.

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About Nokia Oyj

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

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