Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Sees Large Decline in Short Interest

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 20,604 shares, a decline of 43.8% from the July 30th total of 36,635 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 63,869 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Neste OYJ Stock Performance

OTCMKTS:NTOIY opened at $18.58 on Tuesday. The company has a fifty day simple moving average of $17.25 and a two-hundred day simple moving average of $15.99. The company has a quick ratio of 0.81, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. Neste OYJ has a 52 week low of $9.00 and a 52 week high of $19.31. The company has a market cap of $28.55 billion and a price-to-earnings ratio of 16.21.

Neste OYJ (OTCMKTS:NTOIY) last announced its quarterly earnings data 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. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%.The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.19 billion. As a group, equities analysts anticipate that Neste OYJ will post 1.62 earnings per share for the current fiscal 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.