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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY – Get Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 8,281 shares, a drop of 59.8% from the August 15th total of 20,604 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 55,801 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NTOIY. Zacks Research downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Four analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy”.

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Neste OYJ Trading Up 5.6%

NTOIY traded up $1.02 during mid-day trading on Tuesday, hitting $19.23. The stock had a trading volume of 28,517 shares, compared to its average volume of 53,594. The stock’s fifty day simple moving average is $17.89 and its 200-day simple moving average is $16.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 0.81. The firm has a market capitalization of $29.55 billion and a price-to-earnings ratio of 16.78. Neste OYJ has a 1-year low of $9.00 and a 1-year high of $19.58.

Neste OYJ (OTCMKTS:NTOIY – Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. The company had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $7.19 billion. As a group, research analysts forecast that Neste OYJ will post 1.73 EPS for the current fiscal year.

Neste OYJ Company Profile

(Get Free Report)

Neste Oyj is a Finland-based company that produces renewable fuels and other renewable products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable feedstocks, and renewable solutions for polymers and chemicals. The company also produces and markets conventional oil products, including transportation fuels and refinery products.

Founded in 1948, Neste was established as Finland’s national oil company and was formerly known as Neste Oil. It adopted the name Neste in 2015 as its business increasingly focused on renewable and circular solutions.

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