Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Shares Shorted: Short Interest Down 62.8% in September

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 4,711 shares, a decrease of 62.8% from the September 15th total of 12,650 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 83,686 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Several equities analysts have commented on the company. The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Zacks Research upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Five equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Neste OYJ has an average rating of “Strong Buy”.

Neste OYJ Stock Performance

Neste OYJ stock traded down $0.03 on Tuesday, reaching $18.09. 7,722 shares of the stock were exchanged, compared to its average volume of 52,517. 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 has a twelve month low of $9.14 and a twelve month high of $20.29. The firm has a fifty day moving average price of $18.40 and a two-hundred day moving average price of $17.03. The stock has a market cap of $27.80 billion, a PE ratio of 15.79, a PEG ratio of 0.18 and a beta of -0.82.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings results on Friday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.19 billion. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%. Sell-side analysts anticipate that Neste OYJ will post 1.75 EPS for the current year.

About Neste OYJ

Neste Oyj is a Finland-based company that produces renewable fuels, renewable feedstocks and oil-refining products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable gasoline components and solutions for the polymers and chemicals industries. The company uses waste and residue-based raw materials, including used cooking oil and animal fat, in the production of renewable products.

Neste also operates a conventional oil-refining business, supplying products such as gasoline, diesel, jet fuel, base oils and other petroleum products.