Nokia Oyj (NYSE:NOK) Short Interest Update

Nokia Oyj (NYSE:NOK) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 18,520,000 shares, a decrease of 21.7% from the May 31st total of 23,640,000 shares. Based on an average trading volume of 13,530,000 shares, the short-interest ratio is presently 1.4 days. Currently, 0.3% of the shares of the stock are sold short.

Nokia Oyj Price Performance

Shares of NOK stock traded up $0.05 on Friday, reaching $3.78. 20,248,617 shares of the company were exchanged, compared to its average volume of 10,071,049. The company has a market cap of $20.88 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of 1.18 and a beta of 1.10. The business has a 50-day moving average price of $3.78 and a 200 day moving average price of $3.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 1.64. Nokia Oyj has a 1 year low of $2.94 and a 1 year high of $4.36.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, April 18th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.04. Nokia Oyj had a net margin of 3.90% and a return on equity of 8.39%. The company had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Equities research analysts forecast that Nokia Oyj will post 0.38 earnings per share for the current fiscal year.

Institutional Trading of Nokia Oyj

Several large investors have recently bought and sold shares of the business. Pzena Investment Management LLC boosted its holdings in Nokia Oyj by 29.0% in the 1st quarter. Pzena Investment Management LLC now owns 67,489,193 shares of the technology company’s stock valued at $238,912,000 after purchasing an additional 15,175,751 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in Nokia Oyj by 5.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 106,769,682 shares of the technology company’s stock valued at $365,152,000 after purchasing an additional 5,087,927 shares during the last quarter. Walleye Capital LLC acquired a new position in Nokia Oyj in the 3rd quarter valued at about $12,591,000. BNP Paribas Financial Markets boosted its holdings in Nokia Oyj by 379.3% in the 4th quarter. BNP Paribas Financial Markets now owns 1,493,893 shares of the technology company’s stock valued at $5,109,000 after purchasing an additional 1,182,184 shares during the last quarter. Finally, TSP Capital Management Group LLC boosted its holdings in Nokia Oyj by 89.2% in the 1st quarter. TSP Capital Management Group LLC now owns 2,179,467 shares of the technology company’s stock valued at $7,715,000 after purchasing an additional 1,027,600 shares during the last quarter. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on NOK. JPMorgan Chase & Co. decreased their price objective on shares of Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. StockNews.com upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Nokia Oyj currently has a consensus rating of “Hold” and a consensus target price of $4.42.

Nokia Oyj Company Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.