Short Interest in Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Decreases By 50.4%

by · The Cerbat Gem

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY – Get Free Report) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 24,246 shares, a decrease of 50.4% from the April 30th total of 48,924 shares. Based on an average trading volume of 122,546 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

NTOIY has been the subject of several research reports. UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. The Goldman Sachs Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Barclays raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. 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. Finally, Zacks Research raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Four equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Check Out Our Latest Analysis on NTOIY

Neste OYJ Trading Up 5.5%

Shares of NTOIY stock traded up $0.90 during trading hours on Monday, hitting $17.35. 186,718 shares of the company’s stock traded hands, compared to its average volume of 53,456. The stock’s 50 day simple moving average is $15.93 and its 200 day simple moving average is $13.35. The stock has a market cap of $26.66 billion and a PE ratio of 32.13. Neste OYJ has a 12 month low of $5.18 and a 12 month high of $18.11. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64.

Neste OYJ (OTCMKTS:NTOIY – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.10. The firm had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $5.84 billion. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. On average, sell-side analysts anticipate that Neste OYJ will post 1.39 EPS for the current year.

About Neste OYJ

(Get Free Report)

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.

Read More