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.
About Short RatioThe 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 1.9 times. This is 34.03% lower than that of the Technology sector, and about the same as Communication Equipment (which currently averages 1.91) industry, The Short Ratio for all stocks is 8.21% higher than the company.
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Nokia is rated below average in short ratio category among related companies.
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