Nokian Renkaat Oyj (OTCMKTS:NKRKY) Short Interest Up 28.3% in April

Nokian Renkaat Oyj (OTCMKTS:NKRKY) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 6,800 shares, a growth of 28.3% from the March 31st total of 5,300 shares. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is currently 1.3 days.

Nokian Renkaat Oyj Price Performance

OTCMKTS NKRKY opened at $3.98 on Friday. The stock’s 50 day moving average is $3.53 and its 200 day moving average is $3.75. Nokian Renkaat Oyj has a 12 month low of $3.16 and a 12 month high of $4.91.

Nokian Renkaat Oyj (OTCMKTS:NKRKY) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.02 earnings per share for the quarter.

Nokian Renkaat Oyj Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.0641 per share. This represents a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, May 9th.

Nokian Renkaat Oyj Company Profile

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