Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Sees Significant Decrease in Short Interest

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 36,421 shares, a drop of 66.9% from the June 30th total of 110,121 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 137,570 shares, the days-to-cover ratio is currently 0.3 days.

Neste OYJ Stock Performance

Shares of OTCMKTS:NTOIY traded down $0.17 during trading on Tuesday, reaching $16.60. The stock had a trading volume of 47,667 shares, compared to its average volume of 56,871. The stock has a fifty day simple moving average of $16.57 and a two-hundred day simple moving average of $15.04. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64. Neste OYJ has a 52 week low of $7.78 and a 52 week high of $19.31. The firm has a market capitalization of $25.51 billion and a price-to-earnings ratio of 14.49.

Neste OYJ (OTCMKTS:NTOIY) last posted its quarterly earnings data on Friday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. Neste OYJ had a net margin of 7.35% and a return on equity of 21.16%. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.19 billion. As a group, analysts anticipate that Neste OYJ will post 1.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

NTOIY has been the subject of a number of recent research reports. UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Neste OYJ currently 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.