Neste Oyj (OTCMKTS:NTOIF) Sees Significant Increase in Short Interest

Neste Oyj (OTCMKTS:NTOIF) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,031,030 shares, an increase of 89.4% from the May 14th total of 544,405 shares. Based on an average daily trading volume, of 457 shares, the days-to-cover ratio is currently 2,256.1 days.

Neste Oyj Stock Performance

Shares of OTCMKTS:NTOIF remained flat at $31.05 during midday trading on Monday. 15,391 shares of the stock traded hands, compared to its average volume of 4,863. The business’s 50-day moving average is $32.22 and its 200 day moving average is $27.20. Neste Oyj has a 12-month low of $12.00 and a 12-month high of $35.29.

Analyst Upgrades and Downgrades

Several analysts recently commented on NTOIF shares. Royal Bank Of Canada upgraded shares of Neste Oyj from a “sector perform” rating to an “outperform” rating in a research report on Thursday, March 12th. Barclays upgraded shares of Neste Oyj from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 17th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

About Neste Oyj

Neste Oyj is a Finland-based energy company specializing in the refining and marketing of oil products and renewable solutions. Established in 1948 and headquartered in Espoo, the company operates refineries in Finland, the Netherlands and Singapore. Over time, Neste has transformed from a traditional oil refiner into a global supplier of lower-emission fuels and renewable feedstocks.

The company’s business is organized across three primary segments. The Renewable Products segment focuses on producing Neste MY Renewable Diesel, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residue oils.