Short Interest in Nokian Renkaat Oyj (OTCMKTS:NKRKY) Rises By 129.0%

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

Nokian Renkaat Oyj Trading Down 2.7 %

OTCMKTS NKRKY traded down $0.11 during trading on Wednesday, reaching $3.98. 354 shares of the company’s stock traded hands, compared to its average volume of 3,699. Nokian Renkaat Oyj has a 12-month low of $3.98 and a 12-month high of $5.05. The company’s 50 day simple moving average is $4.52 and its two-hundred day simple moving average is $4.45.

Nokian Renkaat Oyj Cuts Dividend

The business 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.