The Short Interest in Nokia Corporation (NOK) Drops By 21.3%


Nokia Corporation (NYSE:NOK)'s stock had its "hold" rating reaffirmed by investment analysts at Canaccord Genuity in a research note issued to investors on Monday, May 15th, reports. The firm owned 73,962 shares of the technology company's stock after buying an additional 12,963 shares during the period. Stifel Financial Corp increased its stake in Nokia Corporation by 0.6% in the first quarter. As the name suggests, this gives the middle ground of the fund's equity investments, letting investors know if the fund mainly invests in large-, mid- or small-cap stocks. About 8.81 million shares traded. Tocqueville Asset Management L.P. increased its stake in Nokia Corporation by 24.9% in the third quarter. Its book value per share for the most recent quarter is $3.78 while its price to book ratio for the same period is 1.69, as for as the company's cash per share for the most recent quarter is $1.73, however its price to cash per share ratio for the same period is 3.7. Searle & CO. acquired a new stake in Nokia Corporation during the fourth quarter valued at approximately $145,000. Alliancebernstein L.P. now owns 20,815,648 shares of the technology company's stock worth $112,821,000 after buying an additional 10,817,897 shares in the last quarter. Finally, Creative Planning increased its stake in Nokia Corporation by 3.6% in the first quarter.

Currently Nokia Corp (NYSE:NOK)'s shares owned by insiders are 0%, whereas shares owned by institutional owners are 6.1%.

Nokia Corporation (NOK)'s distance from 200 day simple moving average is 20.92 percent, its distance from 50 day simple moving average is 6.76 percent, while its distance from 20 day simple moving average is -0.81 percent.

Nokia Corporation (NYSE:NOK) traded up 0.94% during trading on Monday, reaching $6.46. The technology company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.04 by $0.01. Its revenue totaled $7.41 billion up 11.53% from the previous quarter. Three analysts have made estimates for Nokia Oyj's earnings, with the highest sales estimate coming in at $6.03 billion and the lowest estimate coming in at $5.95 billion. Investors of record on Friday, May 26th were issued a dividend of $0.1824 per share.

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

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Annual Dividend Yield of Nokia Corporation (NOK) stands at 2.84%. If you are accessing this report on another site, it was stolen and republished in violation of United States & global copyright & trademark law. Oppenheimer maintained the shares of NOK in report on Friday, April 28 with "Hold" rating.

Several brokerages have commented on NOK. Citigroup Inc started coverage on shares of Nokia Oyj in a research note on Thursday. They presently have a $6.00 target price on the technology company's stock. The rating was upgraded by Bank of America on Friday, May 13 to "Buy". The firm earned "Hold" rating on Wednesday, August 26 by Danske Bank. Finally, Oppenheimer Holdings, Inc. reissued a "market perform" rating on shares of Nokia Corporation in a report on Tuesday, February 7th. The firm earned "Market Perform" rating on Thursday, May 25 by BMO Capital Markets.

Among 20 analysts covering Nokia (NYSE:NOK), 11 have Buy rating, 2 Sell and 7 Hold. The company has an average rating of "Hold" and an average target price of $10.05.

Nokia Corporation is engaged in the network and Internet protocol (IP) infrastructure, software, and related services market.

On the other hand the company has Relative Strength Index (RSI 14) of 59.12 along with Average True Range (ATR 14) of 0.13, Consequently Nokia Corp (NYSE:NOK)'s weekly and monthly volatility is 1.66%, 1.63% respectively. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.