Nokia Oyj (NOK) Short Interest Update

Nokia Oyj (NYSE:NOK) saw a significant drop in short interest in March. As of March 29th, there was short interest totalling 50,280,319 shares, a drop of 11.7% from the March 15th total of 56,921,457 shares. Based on an average daily volume of 34,081,071 shares, the short-interest ratio is currently 1.5 days. Currently, 0.9% of the company’s stock are sold short.

A number of hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp raised its position in Nokia Oyj by 29.3% in the third quarter. Mackenzie Financial Corp now owns 32,166,684 shares of the technology company’s stock worth $179,490,000 after acquiring an additional 7,296,372 shares during the period. Bank of America Corp DE raised its position in Nokia Oyj by 118.3% in the fourth quarter. Bank of America Corp DE now owns 14,251,970 shares of the technology company’s stock worth $82,947,000 after acquiring an additional 7,724,302 shares during the period. FMR LLC raised its position in Nokia Oyj by 251.7% in the fourth quarter. FMR LLC now owns 12,084,463 shares of the technology company’s stock worth $70,331,000 after acquiring an additional 8,648,798 shares during the period. D. E. Shaw & Co. Inc. raised its position in Nokia Oyj by 25,510.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 10,663,449 shares of the technology company’s stock worth $62,061,000 after acquiring an additional 10,621,812 shares during the period. Finally, Millennium Management LLC raised its position in Nokia Oyj by 820.4% in the fourth quarter. Millennium Management LLC now owns 9,639,023 shares of the technology company’s stock worth $56,099,000 after acquiring an additional 8,591,749 shares during the period. 6.85% of the stock is currently owned by institutional investors and hedge funds.

Shares of NOK stock opened at $5.68 on Wednesday. The stock has a market capitalization of $31.98 billion, a price-to-earnings ratio of 21.04 and a beta of 0.32. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.07 and a current ratio of 1.30. Nokia Oyj has a 52 week low of $5.07 and a 52 week high of $6.65.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, January 31st. The technology company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The business had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.61 billion. Nokia Oyj had a negative net margin of 1.58% and a positive return on equity of 8.03%. Research analysts predict that Nokia Oyj will post 0.31 earnings per share for the current year.

A number of research firms recently weighed in on NOK. Nordea Equity Research lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. TheStreet raised shares of Nokia Oyj from a “c+” rating to a “b-” rating in a research report on Monday, March 18th. Zacks Investment Research lowered shares of Nokia Oyj from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Raymond James raised shares of Nokia Oyj from a “market perform” rating to an “outperform” rating and raised their price target for the company from $4.75 to $7.50 in a research report on Tuesday, January 8th. Finally, Goldman Sachs Group lowered shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $5.72 price target on the stock. in a research report on Monday. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $6.79.

TRADEMARK VIOLATION WARNING: This report was published by Community Financial News and is owned by of Community Financial News. If you are reading this report on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The correct version of this report can be viewed at https://www.com-unik.info/2019/04/17/nokia-oyj-nok-short-interest-update.html.

Nokia Oyj Company Profile

Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).

Featured Story: Initial Public Offering (IPO)

Receive News & Ratings for Nokia Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia Oyj and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit