Nokia Oyj (NYSE:NOK) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totalling 56,180,465 shares, a growth of 26.4% from the April 15th total of 44,453,559 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average trading volume of 26,670,383 shares, the short-interest ratio is currently 2.1 days.
Shares of NOK stock opened at $5.12 on Monday. The company has a market cap of $28.85 billion, a P/E ratio of 18.96 and a beta of 0.27. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.31. Nokia Oyj has a 52-week low of $4.71 and a 52-week high of $6.65.
Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.05). The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.12 billion. Nokia Oyj had a negative net margin of 2.65% and a positive return on equity of 6.97%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 earnings per share. Sell-side analysts anticipate that Nokia Oyj will post 0.24 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. Creative Planning grew its holdings in Nokia Oyj by 2.5% in the fourth quarter. Creative Planning now owns 79,848 shares of the technology company’s stock worth $465,000 after purchasing an additional 1,917 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Nokia Oyj by 7.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 32,534 shares of the technology company’s stock worth $186,000 after purchasing an additional 2,170 shares during the last quarter. Keybank National Association OH grew its holdings in Nokia Oyj by 5.8% in the fourth quarter. Keybank National Association OH now owns 42,333 shares of the technology company’s stock worth $246,000 after purchasing an additional 2,326 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Nokia Oyj by 6.0% in the first quarter. Quadrant Capital Group LLC now owns 42,560 shares of the technology company’s stock worth $234,000 after purchasing an additional 2,410 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Nokia Oyj by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 140,993 shares of the technology company’s stock worth $806,000 after purchasing an additional 2,429 shares during the last quarter. 7.84% of the stock is currently owned by institutional investors.
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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).
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