NOK) Background: Nokia is a leading supplier of mobile phones and mobile, fixed and IP networks. The company was founded in 1865 and is headquartered in Espoo, Finland. Nokia trades an average of 47.2 million shares a day and has a market cap of $11.5 billion. 52-Week High: $7.38 52-Week Low: $1.63 Book Value: $3.01 Right now, Nokia has a grand total of two buy recommendations out of 23 analysts covering the company. From a fundamental perspective, Nokia looks interesting. While sharing some similarities with Sprint, Nokia depends almost exclusively on the sale of hardware for revenue and profits. After Apple ( AAPL) entered into the space in a big way, Nokia's future appeared to be sealed. But Microsoft ( MSFT) has more or less become Nokia's sugar daddy and is backstopping the Finish company with money and an operating system platform. In the last month, the stock has moved much higher, gaining 46%. I don't believe the upside has been fully met, but I would buy on dips and not try to chase it. From a technical perspective, the chart is very bearish with all the major moving averages traveling from the upper left to the lower right. This extreme bearishness makes Nokia an oversold stock. Shareholders receive 18 cents annually in dividend payments. The yield, based on a recent price, is 5.74%. Looking back at the three-year history of declared dividends, this company has paid an average of 39 cents a share each year. Over the last five years, the dividend has grown by an average of 4.6% a year. Revenue growth relative to last year appears to be problematic for management. Comparing fiscal years, revenue declined to $50.2 billion in fiscal 2011 from $57 billion in the previous year. With short interest above 5%, investors will want to monitor changes to see if short sellers turn up the warning signals. Otherwise, the current 5.4% of the float short is relatively small and not a major concern. If Nokia begins to move higher, the short interest may add fuel to the ride up. Note: The author uses SEC.gov, Zacks.com, WSJ.com, Tradestation and Reuters for data. P/E ratios are generally adjusted based on an average number of shares and for operational earnings. At the time of publication, the author held no positions in any of the stocks mentioned. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.