Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Stock Short Interest Report for October

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 21,510 shares, a growth of 356.6% from the September 30th total of 4,711 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 67,487 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. The Goldman Sachs Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 3rd. Five investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Neste OYJ Stock Performance

Shares of OTCMKTS:NTOIY opened at $16.71 on Wednesday. Neste OYJ has a 1 year low of $9.14 and a 1 year high of $20.29. The business has a 50 day simple moving average of $18.54 and a two-hundred day simple moving average of $16.10.

Neste OYJ Company Profile

Neste Oyj is a Finland-based company that produces renewable fuels and refined petroleum products. Its renewable products include renewable diesel and sustainable aviation fuel, which are made primarily from waste and residue oils and fats. The company also develops renewable raw-material solutions for the polymers and chemicals industries.

Neste operates traditional oil-refining and marketing businesses alongside its renewable fuels operations. Its products are supplied to transportation, aviation, marine, industrial and chemical customers, as well as through fuel stations and other retail channels in selected markets.

Founded in 1948, Neste was established to secure Finland’s petroleum supply and was formerly known as Neste Oil.