Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) Sees Large Decrease in Short Interest

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 36,421 shares, a decrease of 66.9% from the June 30th total of 110,121 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 137,570 shares, the days-to-cover ratio is presently 0.3 days.

Neste OYJ Price Performance

Shares of OTCMKTS NTOIY opened at $17.65 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.89 and a debt-to-equity ratio of 0.64. Neste OYJ has a fifty-two week low of $7.78 and a fifty-two week high of $19.31. The business has a 50 day moving average price of $16.57 and a two-hundred day moving average price of $14.98. The firm has a market cap of $27.12 billion and a PE ratio of 15.35.

Neste OYJ (OTCMKTS:NTOIY) last announced its earnings results on Friday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $7.19 billion. Neste OYJ had a return on equity of 10.12% and a net margin of 3.78%. Sell-side analysts expect that Neste OYJ will post 1.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NTOIY has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

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.