Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Shares Shorted: Short Interest Down 62.8% in September

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 4,711 shares, a decline of 62.8% from the September 15th total of 12,650 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 83,686 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Zacks Research raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Five investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Read Our Latest Stock Analysis on Neste OYJ

Neste OYJ Stock Up 1.1%

Shares of OTCMKTS:NTOIY opened at $18.32 on Wednesday. The stock’s 50-day moving average price is $18.43 and its two-hundred day moving average price is $17.04. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. Neste OYJ has a 12-month low of $9.14 and a 12-month high of $20.29. The firm has a market cap of $28.15 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 0.17 and a beta of -0.82.

Neste OYJ (OTCMKTS:NTOIY – Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $7.19 billion. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. On average, research analysts forecast that Neste OYJ will post 1.90 EPS for the current year.

Neste OYJ Company Profile

(Get Free Report)

Neste Oyj is a Finland-based company that produces renewable fuels, renewable feedstocks and oil-refining products. Its portfolio includes Neste MY Renewable Diesel, sustainable aviation fuel, renewable gasoline components and solutions for the polymers and chemicals industries. The company uses waste and residue-based raw materials, including used cooking oil and animal fat, in the production of renewable products.

Neste also operates a conventional oil-refining business, supplying products such as gasoline, diesel, jet fuel, base oils and other petroleum products.

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