Short Interest in Nokian Renkaat Oyj (OTCMKTS:NKRKY) Decreases By 83.2%

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

Nokian Renkaat Oyj Stock Performance

Shares of OTCMKTS:NKRKY traded down $0.03 during midday trading on Friday, hitting $3.74. 8,059 shares of the company’s stock traded hands, compared to its average volume of 3,844. The firm’s fifty day moving average price is $4.01 and its two-hundred day moving average price is $4.30. Nokian Renkaat Oyj has a twelve month low of $3.61 and a twelve month high of $5.05.

Nokian Renkaat Oyj Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 31st were paid a dividend of $0.1085 per share. 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.