Short Interest in Neste Oyj (OTCMKTS:NTOIF) Rises By 89.4%

Neste Oyj (OTCMKTS:NTOIF) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,031,030 shares, a growth of 89.4% from the May 14th total of 544,405 shares. Based on an average daily trading volume, of 457 shares, the days-to-cover ratio is presently 2,256.1 days.

Neste Oyj Stock Performance

Shares of OTCMKTS:NTOIF traded down $0.50 during trading on Friday, hitting $31.05. 15,391 shares of the company’s stock were exchanged, compared to its average volume of 4,863. Neste Oyj has a 52-week low of $12.00 and a 52-week high of $35.29. The business’s 50-day simple moving average is $32.22 and its 200 day simple moving average is $27.20.

Analyst Ratings Changes

Several research firms have recently commented on NTOIF. Royal Bank Of Canada raised Neste Oyj from a “sector perform” rating to an “outperform” rating in a research note on Thursday, March 12th. Barclays upgraded Neste Oyj from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 17th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

Neste Oyj Company Profile

Neste Oyj is a Finland-based energy company specializing in the refining and marketing of oil products and renewable solutions. Established in 1948 and headquartered in Espoo, the company operates refineries in Finland, the Netherlands and Singapore. Over time, Neste has transformed from a traditional oil refiner into a global supplier of lower-emission fuels and renewable feedstocks.

The company’s business is organized across three primary segments. The Renewable Products segment focuses on producing Neste MY Renewable Diesel, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residue oils.