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

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 12,650 shares, a growth of 52.8% from the August 31st total of 8,281 shares. Based on an average trading volume of 99,526 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

NTOIY has been the subject of a number of research reports. The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Zacks Research cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Four equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Neste OYJ Price Performance

OTCMKTS:NTOIY opened at $18.66 on Friday. The company has a 50-day moving average of $18.29 and a 200-day moving average of $16.95. The company has a market capitalization of $28.66 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 0.19 and a beta of -0.81. Neste OYJ has a 52 week low of $9.14 and a 52 week high of $20.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.80.

Neste OYJ (OTCMKTS:NTOIY) last posted its earnings results on Friday, July 24th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Neste OYJ had a net margin of 7.35% and a return on equity of 19.90%. The business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $7.19 billion. As a group, equities research analysts anticipate that Neste OYJ will post 1.73 earnings per share for the current fiscal year.

About Neste OYJ

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.