Nokian Renkaat Oyj (OTCMKTS:NKRKY – Get Free Report) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 3,710 shares, a decline of 62.5% from the May 31st total of 9,903 shares. Based on an average daily volume of 4,785 shares, the days-to-cover ratio is presently 0.8 days.
Nokian Renkaat Oyj Stock Performance
NKRKY stock traded down $0.11 on Monday, reaching $6.80. The company’s stock had a trading volume of 243 shares, compared to its average volume of 3,334. Nokian Renkaat Oyj has a 52 week low of $3.59 and a 52 week high of $7.17. The firm has a fifty day moving average of $6.24 and a two-hundred day moving average of $5.96.
Nokian Renkaat Oyj Company Profile
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.
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