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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 20,604 shares, a drop of 43.8% from the July 30th total of 36,635 shares. Based on an average daily volume of 63,869 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Neste OYJ Stock Performance

Shares of OTCMKTS:NTOIY traded up $0.56 during midday trading on Monday, reaching $18.58. The company’s stock had a trading volume of 48,321 shares, compared to its average volume of 54,196. The firm has a market capitalization of $28.55 billion and a PE ratio of 16.21. Neste OYJ has a twelve month low of $9.00 and a twelve month high of $19.31. The stock has a fifty day moving average of $17.18 and a 200 day moving average of $15.95. The company has a quick ratio of 0.81, a current ratio of 1.80 and a debt-to-equity ratio of 0.50.

Neste OYJ (OTCMKTS:NTOIY) last issued its earnings results 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 19.90%. The firm had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.19 billion. On average, equities analysts expect that Neste OYJ will post 1.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock 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.