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Short Interest in Nokia Corporation (NYSE:NOK) Increases By 11.8%

Short Interest in Nokia Corporation (NYSE:NOK) Increases By 11.8%

Previously on 5/3/2017, Vetr Inc. reported on Nokia Corporation (NYSE:NOK) increased the target price from $0.00 to $6.00. The firm now has a "hold" rating on the technology company's stock. Ameriprise Financial Inc.'s holdings in Nokia Corporation were worth $3,205,000 as of its most recent filing with the SEC.

Several institutional investors have recently modified their holdings of the company. Nationwide Fund Advisors raised its stake in shares of Nokia Corporation by 3.8% during the first quarter. Aperio Group LLC now owns 1,526,455 shares of the technology company's stock valued at $8,838,000 after buying an additional 253,023 shares during the last quarter. Nationwide Fund Advisors grew its holdings in shares of Nokia Corporation by 1.7% in the second quarter. TCW Group Inc. now owns 6,074,746 shares of the technology company's stock valued at $36,327,000 after purchasing an additional 1,429,672 shares during the period. FMR LLC raised its stake in shares of Nokia Corporation by 39.2% during the first quarter. Tocqueville Asset Management L.P. now owns 2,724,495 shares of the technology company's stock valued at $15,775,000 after buying an additional 542,800 shares during the period. Morgan Stanley upgraded the shares of NOK in report on Tuesday, February 7 to "Overweight" rating. GA ADV now owns 102,153 shares of the technology company's stock worth $629,000 after purchasing an additional 3,327 shares during the last quarter. (NYSE:JBL) by 12,645 shares in the quarter, leaving it with 377,446 shares, and cut its stake in Hp Inc. Northern Trust Corp now owns 5,811,715 shares of the technology company's stock valued at $35,801,000 after purchasing an additional 34,906 shares during the period. The company holds 5.88 billion outstanding shares and 5.78 billion shares are floating in market.

COPYRIGHT VIOLATION NOTICE: "Nokia Corporation (NYSE:NOK) Sees Significant Increase in Short Interest" was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and global copyright law. The original version of this article can be read at https://weekherald.com/2017/11/13/ameriprise-financial-inc-has-3-21-million-stake-in-nokia-corporation-nok.html. 0 analysts gave its stock an Outperform rating.

Zacks Investment Research upgraded shares of Nokia Corp. J P Morgan Chase & Co reaffirmed a "buy" rating on shares of Nokia Corporation in a report on Friday, October 27th. The stock of Nokia Oyj (ADR) (NYSE:NOK) earned "Hold" rating by BMO Capital Markets on Wednesday, July 26. The hedge fund held 77,802 shares of the life insurance company at the end of 2017Q2, valued at $5.26 million, up from 72,491 at the end of the previous reported quarter.

Among 14 analysts covering Lincoln National (NYSE:LNC), 7 have Buy rating, 1 Sell and 6 Hold. Currently, Nokia Corporation (NYSE:NOK) has an average volume of 12.52 Million. Argus restated a buy rating and issued a $10.00 price objective on shares of Nokia Corp.in a research report on Monday, August 15th. Based on an average daily trading volume, of 7,134,255 shares, the days-to-cover ratio is now 4.1 days.

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Nokia Corporation has 52 week low of $4.04 and a 52 week high of $6.65 and has a market capitalization of $0. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.33.

Nokia Corporation (NYSE:NOK) recently saw its volume around 19.81 million shares and on average it trades 12.52 million shares a day.

For the current quarter, 9 analysts are projecting a mean EPS of $0.1/share.

LendingClub Corporation (LC) reported sales (ttm) of 1.16 Billion, whereas, 13 number of analysts estimated the mean sale of 161.13 million. Nokia Corporation had a negative net margin of 2.09% and a positive return on equity of 9.88%. During the same period previous year, the business earned $0.04 earnings per share.

Nokia Corporation is a global provider of network infrastructure and related services, with a focus on mobile broadband, as well as advanced technology development and licensing. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. The Company's divisions include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.