Neste Oyj (OTCMKTS:NTOIF – Get Free Report) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 3,048,800 shares, a decrease of 22.4% from the October 31st total of 3,931,000 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is presently 923.9 days.
Neste Oyj Price Performance
Shares of NTOIF stock remained flat at $14.84 during trading on Friday. The stock had a trading volume of 3,836 shares, compared to its average volume of 2,111. The business’s 50 day moving average is $16.52 and its two-hundred day moving average is $18.91. Neste Oyj has a 52 week low of $13.25 and a 52 week high of $38.54.
Analyst Ratings Changes
Separately, Morgan Stanley upgraded Neste Oyj from an “equal weight” rating to an “overweight” rating in a report on Thursday, August 29th.
About Neste Oyj
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.
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