Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Sees Large Increase in Short Interest

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 49,989 shares, an increase of 106.2% from the May 14th total of 24,246 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 103,053 shares, the days-to-cover ratio is currently 0.5 days.

Neste OYJ Stock Down 4.4%

Shares of Neste OYJ stock traded down $0.73 during trading hours on Friday, reaching $16.04. The company’s stock had a trading volume of 41,960 shares, compared to its average volume of 55,204. Neste OYJ has a one year low of $5.80 and a one year high of $18.11. The company has a market capitalization of $24.65 billion and a P/E ratio of 29.70. The stock’s fifty day simple moving average is $16.03 and its two-hundred day simple moving average is $13.74. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89.

Neste OYJ (OTCMKTS:NTOIY) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. The firm had revenue of $6.04 billion for 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%. On average, research analysts forecast that Neste OYJ will post 1.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on NTOIY. The Goldman Sachs Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Royal Bank Of Canada raised shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. Barclays raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. Zacks Research raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. 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. Four investment 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. According to MarketBeat, Neste OYJ 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.