Short Interest in Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Declines By 50.4%

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 24,246 shares, a drop of 50.4% from the April 30th total of 48,924 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 122,546 shares, the short-interest ratio is currently 0.2 days.

Neste OYJ Stock Performance

Shares of OTCMKTS NTOIY traded down $0.17 during trading on Tuesday, hitting $17.18. The company had a trading volume of 79,350 shares, compared to its average volume of 59,494. The stock has a 50 day simple moving average of $15.93 and a 200 day simple moving average of $13.35. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89. Neste OYJ has a 12 month low of $5.18 and a 12 month high of $18.11. The firm has a market capitalization of $26.40 billion and a P/E ratio of 31.81.

Neste OYJ (OTCMKTS:NTOIY) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.30 by $0.10. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%.The firm had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.84 billion. As a group, analysts anticipate that Neste OYJ will post 1.39 earnings per share for the current year.

Wall Street Analyst Weigh In

NTOIY has been the topic of several research reports. Zacks Research raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. The Goldman Sachs Group cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Barclays raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Finally, UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Four equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Neste OYJ presently has an average rating of “Buy”.

About Neste OYJ

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.