Nokian Renkaat Oyj (OTCMKTS:NKRKY) Sees Large Growth in Short Interest

Nokian Renkaat Oyj (OTCMKTS:NKRKY) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 7,100 shares, an increase of 129.0% from the October 15th total of 3,100 shares. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is currently 1.3 days.

Nokian Renkaat Oyj Trading Down 2.7 %

Nokian Renkaat Oyj stock traded down $0.11 on Wednesday, hitting $3.98. The company’s stock had a trading volume of 354 shares, compared to its average volume of 3,699. Nokian Renkaat Oyj has a one year low of $3.98 and a one year high of $5.05. The company has a fifty day moving average price of $4.52 and a 200-day moving average price of $4.45.

Nokian Renkaat Oyj Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 31st will be given a dividend of $0.1085 per share. The ex-dividend date of this dividend is Thursday, October 31st.

About Nokian Renkaat Oyj

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.