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

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

Nokian Renkaat Oyj Trading Up 1.2 %

Shares of NKRKY stock traded up $0.11 during mid-day trading on Thursday, hitting $3.77. 894 shares of the stock were exchanged, compared to its average volume of 3,837. Nokian Renkaat Oyj has a 52-week low of $3.66 and a 52-week high of $5.05. The firm has a fifty day moving average of $4.03 and a 200 day moving average of $4.30.

Nokian Renkaat Oyj Cuts Dividend

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