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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 8,281 shares, a decline of 59.8% from the August 15th total of 20,604 shares. Based on an average trading volume of 55,801 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Neste OYJ Price Performance

OTCMKTS NTOIY opened at $19.00 on Friday. Neste OYJ has a 12 month low of $9.00 and a 12 month high of $19.58. The stock has a market cap of $29.19 billion and a price-to-earnings ratio of 16.58. The company’s 50 day moving average is $17.84 and its two-hundred day moving average is $16.38. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings results on Friday, July 24th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.19 billion. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. As a group, research analysts anticipate that Neste OYJ will post 1.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Four analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Neste OYJ presently has an average rating of “Buy”.

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels and other renewable products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable feedstocks, and renewable solutions for polymers and chemicals. The company also produces and markets conventional oil products, including transportation fuels and refinery products.

Founded in 1948, Neste was established as Finland’s national oil company and was formerly known as Neste Oil. It adopted the name Neste in 2015 as its business increasingly focused on renewable and circular solutions.