Short Interest in Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Grows By 73.8%

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 86,874 shares, an increase of 73.8% from the May 31st total of 49,989 shares. Based on an average daily trading volume, of 124,005 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

NTOIY has been the topic of a number of recent research reports. The Goldman Sachs Group lowered Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Royal Bank Of Canada raised Neste OYJ from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Barclays upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 17th. UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Finally, Zacks Research cut shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Neste OYJ Stock Up 2.1%

OTCMKTS NTOIY opened at $15.88 on Friday. The business has a fifty day moving average price of $16.19 and a two-hundred day moving average price of $14.28. The stock has a market capitalization of $24.40 billion and a PE ratio of 29.41. Neste OYJ has a fifty-two week low of $7.09 and a fifty-two week high of $18.11. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.89 and a quick ratio of 0.95.

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