Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Short Interest Up 73.8% in June

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIYGet Free Report) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 86,874 shares, a growth of 73.8% from the May 31st total of 49,989 shares. Based on an average daily volume of 124,005 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NTOIY. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Barclays upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. The Goldman Sachs Group lowered 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. Finally, Zacks Research downgraded Neste OYJ from a “strong-buy” rating to a “hold” rating in a report 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Get Our Latest Report on Neste OYJ

Neste OYJ Stock Performance

Shares of NTOIY opened at $15.88 on Friday. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average is $16.22 and its two-hundred day moving average is $14.30. Neste OYJ has a twelve month low of $7.09 and a twelve month high of $18.11. The firm has a market capitalization of $24.40 billion and a P/E ratio of 29.41.

Neste OYJ (OTCMKTS:NTOIYGet Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. The company had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.84 billion. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. On average, research analysts predict that Neste OYJ will post 1.39 earnings per share for the current fiscal year.

About Neste OYJ

(Get Free Report)

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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