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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the target of 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. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Several analysts have commented on the stock. Zacks Research cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Barclays upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. The Goldman Sachs Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Finally, Royal Bank Of Canada upgraded shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

Neste OYJ Trading Up 2.2%

Shares of OTCMKTS:NTOIY traded up $0.34 during midday trading on Thursday, reaching $15.90. 14,743 shares of the company’s stock were exchanged, compared to its average volume of 56,254. The firm’s 50 day simple moving average is $16.17 and its two-hundred day simple moving average is $14.25. 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 has a fifty-two week low of $7.09 and a fifty-two week high of $18.11. The stock has a market cap of $24.43 billion and a price-to-earnings ratio of 29.44.

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

Neste OYJ Company Profile

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.