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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 49,989 shares, a growth of 106.2% from the May 14th total of 24,246 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 103,053 shares, the days-to-cover ratio is currently 0.5 days.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NTOIY. The Goldman Sachs Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Royal Bank Of Canada upgraded Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Barclays upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Zacks Research upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Four investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Neste OYJ Trading Down 5.2%

NTOIY stock traded down $0.83 on Monday, reaching $15.21. The company’s stock had a trading volume of 16,888 shares, compared to its average volume of 54,471. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89. The firm has a market cap of $23.37 billion and a PE ratio of 28.17. The business has a fifty day simple moving average of $16.03 and a two-hundred day simple moving average of $13.77. Neste OYJ has a 12-month low of $6.15 and a 12-month high of $18.11.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%.The firm had revenue of $6.04 billion for the quarter, compared to analysts’ expectations of $5.84 billion. As a group, research analysts forecast that Neste OYJ will post 1.39 EPS for the current year.

Neste OYJ Company Profile

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.