NKT A/S (OTCMKTS:NRKBF – Get Free Report) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 11,922 shares, a decline of 27.1% from the November 30th total of 16,363 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.
Analysts Set New Price Targets
Separately, Jefferies Financial Group upgraded NKT A/S to a “buy” rating in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.
Read Our Latest Research Report on NKT A/S
NKT A/S Price Performance
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.
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