Neste Oyj (OTCMKTS:NTOIF) Short Interest Down 22.4% in November

Neste Oyj (OTCMKTS:NTOIF) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 3,048,800 shares, a drop of 22.4% from the October 31st total of 3,931,000 shares. Based on an average daily trading volume, of 3,300 shares, the days-to-cover ratio is currently 923.9 days.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised shares of Neste Oyj from an “equal weight” rating to an “overweight” rating in a research note on Thursday, August 29th.

Neste Oyj Price Performance

OTCMKTS NTOIF opened at $14.84 on Friday. The company has a 50 day simple moving average of $16.60 and a 200-day simple moving average of $18.97. Neste Oyj has a 52-week low of $13.25 and a 52-week high of $38.54.

About Neste Oyj

Neste Oyj provides renewable diesel and sustainable aviation fuel in Finland, and other Nordic countries, Baltic Rim, other European countries, North and South America, and internationally. The company operates in four segments: Renewable Products, Oil Products, Marketing & Services, and Others. The Renewable Products segment produces, markets, and sells renewable diesel, sustainable aviation fuel, renewable solvents, and feedstock for bioplastics to wholesale markets.