Nokia (NYSE:NOK) Short Interest Update

Nokia (NYSE:NOK) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 25,249,294 shares, a decrease of 16.5% from the February 15th total of 30,252,506 shares. Based on an average daily volume of 15,246,161 shares, the short-interest ratio is presently 1.7 days.

Hedge funds have recently bought and sold shares of the stock. Centaurus Financial Inc. purchased a new position in Nokia in the 4th quarter worth about $102,000. Tiedemann Wealth Management LLC purchased a new position in Nokia in the 3rd quarter worth about $114,000. Quantitative Systematic Strategies LLC purchased a new position in Nokia in the 4th quarter worth about $116,000. Strategic Global Advisors LLC purchased a new position in Nokia in the 3rd quarter worth about $143,000. Finally, Paloma Partners Management Co increased its stake in Nokia by 192.8% in the 4th quarter. Paloma Partners Management Co now owns 31,353 shares of the technology company’s stock worth $146,000 after buying an additional 20,644 shares during the period. 6.64% of the stock is currently owned by institutional investors.

How to Become a New Pot Stock Millionaire

A number of brokerages have recently issued reports on NOK. Bank of America raised shares of Nokia from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. They noted that the move was a valuation call. Credit Suisse Group cut shares of Nokia from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $4.89 to $5.00 in a research note on Friday, January 5th. MKM Partners raised shares of Nokia from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $5.50 to $7.50 in a research note on Friday, February 2nd. Canaccord Genuity reissued a “hold” rating and issued a $6.00 price objective on shares of Nokia in a research note on Thursday, February 1st. Finally, Goldman Sachs restated a “neutral” rating on shares of Nokia in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $5.61.

Shares of Nokia stock traded down $0.02 during trading on Friday, hitting $5.39. The stock had a trading volume of 13,610,066 shares, compared to its average volume of 12,505,718. The firm has a market capitalization of $30,466.45, a PE ratio of 14.57, a price-to-earnings-growth ratio of 2.37 and a beta of 1.16. The company has a current ratio of 1.56, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. Nokia has a 12 month low of $4.51 and a 12 month high of $6.65.

Nokia (NYSE:NOK) last released its earnings results on Thursday, February 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.04. The firm had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.41 billion. Nokia had a negative net margin of 6.37% and a positive return on equity of 10.80%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the business earned $0.12 EPS. sell-side analysts predict that Nokia will post 0.31 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Monday, June 18th. Investors of record on Friday, June 1st will be paid a $0.2364 dividend. This represents a yield of 3.5%. The ex-dividend date is Thursday, May 31st. Nokia’s dividend payout ratio is presently 35.14%.

ILLEGAL ACTIVITY WARNING: “Nokia (NYSE:NOK) Short Interest Update” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/07/short-interest-in-nokia-oyj-nok-declines-by-16-5.html.

About Nokia

Nokia Corporation, together with its subsidiaries, provides network infrastructure and related services worldwide. The company operates through three segments: Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies. It offers mobile networking solutions, such as hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals; radio access network solutions; Internet protocol multimedia subsystem/voice over LTE, subscriber data management and other virtualized software infrastructure solutions; backhaul solutions; and network planning, implementation, operations, and maintenance solutions.

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

Leave a Reply