Short Interest in Neste Oyj (OTCMKTS:NTOIY) Rises By 140.5%

Neste Oyj (OTCMKTS:NTOIY) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 40,400 shares, an increase of 140.5% from the January 31st total of 16,800 shares. Based on an average trading volume of 229,200 shares, the short-interest ratio is presently 0.2 days.

Neste Oyj Price Performance

Shares of Neste Oyj stock opened at $4.40 on Friday. The company’s fifty day simple moving average is $5.97 and its two-hundred day simple moving average is $7.69. Neste Oyj has a 12-month low of $4.37 and a 12-month high of $15.00.

Neste Oyj Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, March 27th will be given a dividend of $0.1049 per share. The ex-dividend date of this dividend is Thursday, March 27th. Neste Oyj’s dividend payout ratio is currently 45.88%.

Neste Oyj Company Profile

Neste Oyj provides renewable diesel and sustainable aviation fuel in Finland, and other Nordic countries, Baltic Rim, other European countries, North and South America, and internationally. The company operates in four segments: Renewable Products, Oil Products, Marketing & Services, and Others. The Renewable Products segment produces, markets, and sells renewable diesel, sustainable aviation fuel, renewable solvents, and feedstock for bioplastics to wholesale markets.