Nokian Renkaat Oyj (OTCMKTS:NKRKY) Short Interest Update

Nokian Renkaat Oyj (OTCMKTS:NKRKY – Get Rating) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 11,300 shares, a drop of 39.2% from the April 30th total of 18,600 shares. Based on an average daily volume of 4,900 shares, the short-interest ratio is presently 2.3 days.

Nokian Renkaat Oyj Stock Down 0.9 %

Shares of Nokian Renkaat Oyj stock opened at $4.38 on Friday. Nokian Renkaat Oyj has a 12-month low of $3.89 and a 12-month high of $7.30. The company has a 50-day moving average of $4.61 and a two-hundred day moving average of $5.04.

Nokian Renkaat Oyj (OTCMKTS:NKRKY – Get Rating) last released its earnings results on Tuesday, April 25th. The company reported ($0.08) EPS for the quarter. The business had revenue of $253.62 million for the quarter.

Nokian Renkaat Oyj Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, May 26th. Stockholders of record on Friday, April 28th will be given a $0.1078 dividend. This represents a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, April 27th.

Nokian Renkaat Oyj Company Profile

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Nokian Renkaat Oyj engages in the manufacture of tyres. It operates through the following segments: Passenger Car Tyres, Heavy Tyres, Vianor, and Other Operations. The Passenger Car Tyres segment covers the development and production of summer and winter tyres for cars and vans. The Heavy Tyres segment comprises tyres for forestry machinery, and special tyres for agricultural machinery, tractors, and industrial machinery.