Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Short Interest Down 66.9% in July

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 36,421 shares, a drop of 66.9% from the June 30th total of 110,121 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 137,570 shares, the days-to-cover ratio is currently 0.3 days.

Neste OYJ Stock Down 4.0%

Neste OYJ stock traded down $0.71 during trading on Monday, reaching $16.94. 27,824 shares of the company’s stock were exchanged, compared to its average volume of 56,696. Neste OYJ has a 52-week low of $7.78 and a 52-week high of $19.31. The firm has a market cap of $26.02 billion and a price-to-earnings ratio of 14.78. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 1.89. The company’s 50-day moving average is $16.57 and its two-hundred day moving average is $15.00.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Friday, July 24th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $7.19 billion. Neste OYJ had a return on equity of 21.16% and a net margin of 7.35%. On average, analysts predict that Neste OYJ will post 1.37 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NTOIY shares. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Zacks Research downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Neste OYJ has an average rating of “Buy”.

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.