Nokian Renkaat Oyj (OTCMKTS:NKRKY – Get Free Report) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 584 shares, a decrease of 64.7% from the July 30th total of 1,654 shares. Based on an average daily volume of 3,698 shares, the short-interest ratio is currently 0.2 days.
Nokian Renkaat Oyj Trading Down 2.4%
NKRKY stock opened at $9.34 on Friday. The firm has a 50 day moving average of $8.12 and a 200 day moving average of $6.72. Nokian Renkaat Oyj has a 52 week low of $4.24 and a 52 week high of $9.63.
Nokian Renkaat Oyj (OTCMKTS:NKRKY – Get Free Report) last released its earnings results on Friday, July 17th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $441.65 million for the quarter.
Analysts Set New Price Targets
Read Our Latest Stock Report on Nokian Renkaat Oyj
About Nokian Renkaat Oyj
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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