Nokian Renkaat Oyj (OTCMKTS:NKRKY) Short Interest Update

Nokian Renkaat Oyj (OTCMKTS:NKRKY – Get Rating) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 800 shares, a growth of 166.7% from the June 30th total of 300 shares. Based on an average daily volume of 10,800 shares, the days-to-cover ratio is currently 0.1 days.

Nokian Renkaat Oyj Stock Up 6.9 %

Shares of OTCMKTS NKRKY opened at $5.86 on Friday. The business has a 50-day moving average of $5.95 and a two-hundred day moving average of $8.94. Nokian Renkaat Oyj has a 1 year low of $4.95 and a 1 year high of $21.19.

Analyst Ratings Changes

NKRKY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on Nokian Renkaat Oyj from €17.00 ($17.35) to €8.00 ($8.16) in a research note on Friday, July 8th. JPMorgan Chase & Co. decreased their price target on Nokian Renkaat Oyj from €140.00 ($142.86) to €110.00 ($112.24) and set a “neutral” rating for the company in a report on Tuesday, June 14th.

About Nokian Renkaat Oyj

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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.