NKT A/S (OTCMKTS:NRKBF) Sees Large Increase in Short Interest

NKT A/S (OTCMKTS:NRKBF) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 14,317 shares, an increase of 20.1% from the December 15th total of 11,922 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

NKT A/S Price Performance

NKT A/S stock opened at $115.55 on Tuesday. NKT A/S has a 12 month low of $81.01 and a 12 month high of $117.77. The stock has a fifty day simple moving average of $115.50 and a two-hundred day simple moving average of $101.93.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded shares of NKT A/S to a “buy” rating in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

About NKT A/S

NKT A/S is a Denmark-based manufacturer specializing in high-performance power cables and turnkey cable solutions for electricity transmission, distribution and industrial installations. The company’s core offering encompasses medium- and high-voltage underground and submarine power cables, cable accessories, and system solutions designed to support grid stability and meet rising demand for renewable energy integration.

In addition to cable production, NKT provides engineering, installation and project management services for utility and industrial clients.