Nokian Renkaat Oyj (OTCMKTS:NKRKY) Short Interest Update

Nokian Renkaat Oyj (OTCMKTS:NKRKYGet Rating) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,400 shares, a growth of 55.6% from the March 15th total of 900 shares. Based on an average trading volume of 23,100 shares, the days-to-cover ratio is presently 0.1 days.

Shares of NKRKY stock traded down $0.07 during trading on Friday, reaching $6.57. 16,059 shares of the company’s stock were exchanged, compared to its average volume of 10,641. Nokian Renkaat Oyj has a twelve month low of $6.17 and a twelve month high of $21.19. The firm’s fifty day moving average price is $10.00 and its 200-day moving average price is $15.56.

Separately, Deutsche Bank Aktiengesellschaft decreased their target price on Nokian Renkaat Oyj from €32.00 ($34.78) to €24.00 ($26.09) and set a “hold” rating on the stock in a report on Thursday, March 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $24.00.

About Nokian Renkaat Oyj (Get Rating)

Nokian Renkaat Oyj develops and manufactures tires in Finland, Nordics, Russia, the rest of Europe, Asia, the Americas, and internationally. It operates through Passenger Car Tyres, Heavy Tyres, and Vianor segments. The Passenger Car Tyres segment develops and produces summer and winter tires for cars and vans.

Further Reading

Receive News & Ratings for Nokian Renkaat Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokian Renkaat Oyj and related companies with MarketBeat.com's FREE daily email newsletter.