Hi-Tech

Nokia Corporation (NOK) Sees Significant Drop in Short Interest

Nokia Corporation (NOK) Sees Significant Drop in Short Interest

A number of large investors have recently bought and sold shares of NOK. Dynamic Capital Management Ltd acquired a new stake in Nokia Corporation during the third quarter worth approximately $119,000. Ladenburg Thalmann Financial Services Inc. now owns 36,245 shares of the technology company's stock valued at $174,000 after buying an additional 629 shares during the last quarter. Levin Capital Strategies L.P. raised its stake in Nokia Corporation by 28.0% in the fourth quarter. FMR LLC now owns 2,099,893 shares of the technology company's stock valued at $10,100,000 after buying an additional 266,800 shares in the last quarter. Usca Ria LLC boosted its stake in shares of Nokia Corporation by 15.1% in the first quarter. The company was upgraded on Tuesday, December 1 by Credit Suisse. Tocqueville Asset Management L.P. increased its stake in Nokia Corporation by 24.9% in the third quarter. The Stock now has a Weekly Volatility of 2.14% and Monthly Volatility of 1.66%. Investors measure stock performance on the basis of a company's earnings power.

Nokia Corporation (NYSE:NOK) last session's volume of 14.32 million shares was lower than its average volume of 16.28 million shares. 11,104,769 shares of the stock were exchanged. The company has a 50-day moving average of $6.24 and a 200-day moving average of $5.30. Nokia Corporation has a 52-week low of $4.04 and a 52-week high of $6.65. The company has market cap of $51.08 million.

Nokia Corporation (NYSE:NOK) last issued its quarterly earnings data on Thursday, April 27th. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. The business had revenue of $5.39 billion for the quarter, compared to analysts' expectations of $5.33 billion.

While looking at the Stock's Performance, Nokia Corporation now shows a Weekly Performance of -2.91%, where Monthly Performance is 0.8%, Quarterly performance is 16.15%, 6 Months performance is 33.54% and yearly performance percentage is 12.63%. The firm's revenue was down 3.8% compared to the same quarter previous year. During the same period in the prior year, the business earned $0.03 earnings per share.




02/07/2017 - Nokia Corporation was upgraded to "overweight" by analysts at Morgan Stanley. Stockholders of record on Friday, May 26th were given a $0.1824 dividend.

The company also recently disclosed a dividend, which was paid on Friday, June 9th. The ex-dividend date was Tuesday, May 23rd. Nokia Corporation's payout ratio is now -242.84%.

COPYRIGHT VIOLATION NOTICE: This report was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this story on another site, it was illegally stolen and republished in violation of worldwide copyright & trademark laws. Wall Street is only getting more bullish on the stock, with 6 of analysts who cover NOK having a buy-equivalent rating. Finally, Oppenheimer Holdings, Inc. reissued a "market perform" rating on shares of Nokia Corporation in a report on Tuesday, February 7th. Citigroup Inc. assumed coverage on Nokia Corporation in a report on Thursday, June 8th. They presently have a $6.00 target price on the technology company's stock. BMO Capital Markets reaffirmed a "hold" rating and issued a $5.00 price target on shares of Nokia Corporation in a research report on Wednesday, March 15th. Usually the RSI is considered overbought when above 70 and oversold when less than 30. Oppenheimer Holdings, Inc. restated a "hold" rating on shares of Nokia Corporation in a research note on Thursday, April 27th. Craig Hallum started coverage on Nokia Corporation in a research report on Tuesday, February 21st. They now have a Dollars 5.8 price target on the stock.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Nokia Corp (NYSE:NOK) high price target of $9 and with a conservative view have low price target of $4.5.


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