Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Short Interest Update

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 8,281 shares, a decrease of 59.8% from the August 15th total of 20,604 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 55,801 shares, the days-to-cover ratio is presently 0.1 days.

Neste OYJ Price Performance

Neste OYJ stock opened at $19.00 on Monday. The stock’s fifty day simple moving average is $17.84 and its 200-day simple moving average is $16.41. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. Neste OYJ has a twelve month low of $9.00 and a twelve month high of $19.58. The firm has a market capitalization of $29.19 billion and a P/E ratio of 16.58.

Neste OYJ (OTCMKTS:NTOIY) last posted its earnings results on Friday, July 24th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The firm had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%. As a group, equities analysts expect that Neste OYJ will post 1.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NTOIY has been the topic of several recent analyst reports. The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 3rd. Zacks Research downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Four investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels and other renewable products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable feedstocks, and renewable solutions for polymers and chemicals. The company also produces and markets conventional oil products, including transportation fuels and refinery products.

Founded in 1948, Neste was established as Finland’s national oil company and was formerly known as Neste Oil. It adopted the name Neste in 2015 as its business increasingly focused on renewable and circular solutions.