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

Nokian Renkaat Oyj (OTCMKTS:NKRKY) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 300 shares, a decline of 97.6% from the August 15th total of 12,500 shares. Based on an average trading volume of 7,900 shares, the days-to-cover ratio is currently 0.0 days.

Nokian Renkaat Oyj Price Performance

Shares of NKRKY remained flat at $4.51 during trading hours on Friday. The stock’s 50 day simple moving average is $4.45 and its 200-day simple moving average is $4.50. Nokian Renkaat Oyj has a twelve month low of $3.26 and a twelve month high of $5.05.

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.