Nokian Renkaat Oyj (OTCMKTS:NKRKY) Short Interest Update

Nokian Renkaat Oyj (OTCMKTS:NKRKY) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 1,602 shares. Based on an average daily trading volume, of 3,954 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Nokian Renkaat Oyj in a research report on Monday, July 20th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Nokian Renkaat Oyj Stock Performance

Shares of NKRKY stock traded up $0.04 on Tuesday, reaching $8.94. The company had a trading volume of 1,121 shares, compared to its average volume of 4,091. The company has a 50-day moving average of $8.98 and a 200-day moving average of $7.17. Nokian Renkaat Oyj has a 12 month low of $4.24 and a 12 month high of $9.63.

Nokian Renkaat Oyj (OTCMKTS:NKRKY) last released its quarterly earnings data on Friday, July 17th. The company reported $0.08 earnings per share for the quarter. The firm had revenue of $441.65 million for the quarter.

About Nokian Renkaat Oyj

Nokian Renkaat Oyj, also known as Nokian Tyres plc, is a Finland-based tire manufacturer that develops and produces tires for passenger cars, SUVs, vans, trucks, buses, and heavy machinery. The company is particularly known for its winter tires and products designed for demanding Nordic and other challenging driving conditions.

The company sells tires under the Nokian Tyres brand through tire dealers, automotive retailers, and its Vianor chain of tire and vehicle service centers. Vianor provides tire sales, installation, maintenance, and related automotive services across markets in Northern and Central Europe.

Nokian Tyres traces its roots to Finland’s rubber industry and introduced the world’s first winter tire in 1934.