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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 24,246 shares, a decline of 50.4% from the April 30th total of 48,924 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 122,546 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

NTOIY has been the topic 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 research report on Friday, April 24th. The Goldman Sachs Group cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Zacks Research upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Finally, Barclays upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Four research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Neste OYJ currently has a consensus rating of “Buy”.

Neste OYJ Trading Down 1.0%

Shares of OTCMKTS:NTOIY opened at $17.18 on Wednesday. The company has a 50 day moving average of $15.93 and a 200-day moving average of $13.35. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The firm has a market cap of $26.40 billion and a P/E ratio of 31.81. Neste OYJ has a twelve month low of $5.18 and a twelve month high of $18.11.

Neste OYJ (OTCMKTS:NTOIY) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 earnings per share for the quarter, beating 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 net margin of 3.78% and a return on equity of 10.12%. As a group, analysts anticipate that Neste OYJ will post 1.39 earnings per share for the current fiscal year.

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.