Short Interest in Nokian Renkaat Oyj (OTCMKTS:NKRKF) Drops By 20.5%

Nokian Renkaat Oyj (OTCMKTS:NKRKF) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 1,666,600 shares, a decline of 20.5% from the December 15th total of 2,097,200 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 16,666.0 days.

Nokian Renkaat Oyj Price Performance

Shares of NKRKF remained flat at $7.66 during mid-day trading on Wednesday. The company has a 50-day moving average price of $8.14 and a 200 day moving average price of $8.29. Nokian Renkaat Oyj has a 52 week low of $7.66 and a 52 week high of $9.64.

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.