NKT A/S (OTCMKTS:NRKBF) Short Interest Update

NKT A/S (OTCMKTS:NRKBF) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 14,317 shares, an increase of 20.1% from the December 15th total of 11,922 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

NKT A/S Price Performance

NRKBF stock opened at $115.55 on Wednesday. NKT A/S has a 52 week low of $81.01 and a 52 week high of $117.77. The business has a 50-day simple moving average of $115.51 and a 200 day simple moving average of $102.17.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised shares of NKT A/S to a “buy” rating in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

NKT A/S Company Profile

NKT A/S is a Denmark-based manufacturer specializing in high-performance power cables and turnkey cable solutions for electricity transmission, distribution and industrial installations. The company’s core offering encompasses medium- and high-voltage underground and submarine power cables, cable accessories, and system solutions designed to support grid stability and meet rising demand for renewable energy integration.

In addition to cable production, NKT provides engineering, installation and project management services for utility and industrial clients.