Nokian Renkaat Oyj (OTCMKTS:NKRKY) Sees Significant Drop in Short Interest

Nokian Renkaat Oyj (OTCMKTS:NKRKY) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 2,100 shares, a decrease of 83.2% from the November 30th total of 12,500 shares. Based on an average trading volume of 8,000 shares, the short-interest ratio is presently 0.3 days.

Nokian Renkaat Oyj Stock Up 1.2 %

NKRKY stock traded up $0.11 during mid-day trading on Thursday, reaching $3.77. The company’s stock had a trading volume of 894 shares, compared to its average volume of 3,837. The company’s 50 day moving average is $4.03 and its two-hundred day moving average is $4.30. Nokian Renkaat Oyj has a fifty-two week low of $3.66 and a fifty-two week high of $5.05.

Nokian Renkaat Oyj Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 31st were issued a $0.1085 dividend. The ex-dividend date of this dividend was Thursday, October 31st.

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.