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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 86,874 shares, an increase of 73.8% from the May 31st total of 49,989 shares. Based on an average daily volume of 124,005 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Zacks Research downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. The Goldman Sachs Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Finally, UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Neste OYJ Price Performance

Neste OYJ stock traded up $0.34 during mid-day trading on Thursday, hitting $15.90. 14,743 shares of the company were exchanged, compared to its average volume of 56,254. The business’s 50 day simple moving average is $16.17 and its two-hundred day simple moving average is $14.25. Neste OYJ has a 12-month low of $7.09 and a 12-month high of $18.11. The company has a market capitalization of $24.43 billion and a P/E ratio of 29.44. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95.

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

Neste OYJ Company Profile

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.