Short Interest in Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Expands By 106.2%

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 49,989 shares, a growth of 106.2% from the May 14th total of 24,246 shares. Based on an average daily volume of 103,053 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short.

Neste OYJ Price Performance

Shares of OTCMKTS:NTOIY traded down $0.73 on Friday, hitting $16.04. The company had a trading volume of 41,960 shares, compared to its average volume of 55,166. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. Neste OYJ has a 52-week low of $5.80 and a 52-week high of $18.11. The business has a 50 day moving average of $16.03 and a 200 day moving average of $13.77. The company has a market cap of $24.65 billion and a PE ratio of 29.70.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Zacks Research raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Barclays raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. The Goldman Sachs Group lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Finally, UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Four research 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 data from MarketBeat.com, the company presently has a consensus 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.