Short Interest in Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Decreases By 50.4%

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 24,246 shares, a decline of 50.4% from the April 30th total of 48,924 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 122,546 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Several research firms have recently weighed in on NTOIY. Royal Bank Of Canada upgraded shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. Zacks Research upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Barclays upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 17th. UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Finally, The Goldman Sachs Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Four investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Neste OYJ Stock Performance

Shares of OTCMKTS:NTOIY traded up $0.90 on Monday, reaching $17.35. 186,718 shares of the company’s stock were exchanged, compared to its average volume of 53,456. The company has a fifty day moving average of $15.93 and a 200-day moving average of $13.35. Neste OYJ has a twelve month low of $5.18 and a twelve month high of $18.11. The company has a market capitalization of $26.66 billion and a price-to-earnings ratio of 32.13. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64.

Neste OYJ (OTCMKTS:NTOIY) last announced its earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $5.84 billion. On average, research analysts predict 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.