Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Short Interest Down 43.8% in August

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIYGet Free Report) was the recipient of a significant decline in short interest in 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. Based on an average daily trading volume, of 63,869 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Neste OYJ currently has a consensus rating of “Buy”.

Read Our Latest Analysis on Neste OYJ

Neste OYJ Stock Performance

Neste OYJ stock opened at $18.02 on Friday. Neste OYJ has a fifty-two week low of $9.00 and a fifty-two week high of $19.31. The stock’s 50 day simple moving average is $17.18 and its two-hundred day simple moving average is $15.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.80. The stock has a market cap of $27.69 billion and a price-to-earnings ratio of 15.72.

Neste OYJ (OTCMKTS:NTOIYGet Free Report) last released its earnings results on Friday, July 24th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Neste OYJ had a return on equity of 19.90% and a net margin of 7.35%.The company had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $7.19 billion. As a group, analysts expect that Neste OYJ will post 1.62 earnings per share for the current fiscal year.

Neste OYJ Company Profile

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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.

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