Short Interest in Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Increases By 1,834.5%

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 48,924 shares, a growth of 1,834.5% from the April 15th total of 2,529 shares. Based on an average trading volume of 86,846 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

NTOIY has been the subject of a number of recent research reports. Royal Bank Of Canada raised shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. The Goldman Sachs Group cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. Zacks Research raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Four equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Neste OYJ Price Performance

Shares of NTOIY stock opened at $16.79 on Tuesday. The company has a market capitalization of $25.80 billion and a P/E ratio of 31.10. The company’s 50-day simple moving average is $15.39 and its two-hundred day simple moving average is $12.69. Neste OYJ has a one year low of $4.99 and a one year high of $18.11. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95.

Neste OYJ (OTCMKTS:NTOIY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.10. The company had revenue of $6.04 billion for the quarter, compared to analysts’ expectations of $5.84 billion. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%. As a group, equities analysts anticipate that Neste OYJ will post 1.39 EPS for the current year.

About Neste OYJ

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.