Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Short Interest Up 1,834.5% in April

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 48,924 shares, an increase of 1,834.5% from the April 15th total of 2,529 shares. Based on an average trading volume of 86,846 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are short sold.

Neste OYJ Price Performance

OTCMKTS:NTOIY traded up $0.58 on Monday, hitting $16.79. The company had a trading volume of 76,980 shares, compared to its average volume of 56,061. The stock has a market capitalization of $25.80 billion and a price-to-earnings ratio of 31.10. The company has a current ratio of 1.89, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average of $15.39 and a two-hundred day moving average of $12.69. Neste OYJ has a 52 week low of $4.99 and a 52 week high of $18.11.

Neste OYJ (OTCMKTS:NTOIY) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.30 by $0.10. The business had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $5.84 billion. Neste OYJ had a net margin of 3.78% and a return on equity of 10.12%. On average, research analysts anticipate that Neste OYJ will post 1.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NTOIY shares. Royal Bank Of Canada raised shares of Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Barclays raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 17th. The Goldman Sachs Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, Zacks Research raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Four 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. Based on data from MarketBeat.com, the company currently has a consensus 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.