Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
Nokia Short Ratio Assessment
Based on latest financial disclosure Nokia Corporation has Short Ratio of 1.4 times. This is 46.77% lower than that of Technology sector, and 23.5% lower than that of Communication Equipment industry, The Short Ratio for all stocks is 22.65% higher than the company.
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Nokia is rated below average in short ratio category among related companies.
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Nokia Corporation Profile
Nokia CorporationUSA StockCurrency: USD - US DollarTraded on New York Stock Exchange
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